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QUESTION 15 You long a futures contract for 500 units of silver for $60 per unit. The initial margin is $3,000 and the maintenance margin

QUESTION 15

You long a futures contract for 500 units of silver for $60 per unit. The initial margin is $3,000 and the maintenance margin is $2,000. What is the silver price at which you will receive a margin call?

A.$62 B.$56 C.$58 D.$64

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