Show ALL work and explanations in support of your answers.

Suppose the initial margin on heating oil futures is $$9,500,$ the maintenance margin is $$8,200$ per contract, and you establish, and you establish a long position of $20$ contracts today, where each contract represents $42,000$ gallons. Tomorrow, the contract settles down $$0\mathrm{.}08$ from the previous day's price.

a$.$ Are you subject to a margin call? $2$ pts$.$

b$.$ What is the maximum price decline that you can sustain on the contract without getting a margin call? $2$pts