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Silver Experts Inc. enters into a short futures contract to sell July silver for $16.94 per ounce. The size of the contract is 5,000 ounces.

Silver Experts Inc. enters into a short futures contract to sell July silver for $16.94 per ounce. The size of the contract is 5,000 ounces. The initial margin is $4,104, and the maintenance margin is $3,116. What is the silver futures price, above which there will be a margin call?

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