The front month Palladium futures price is $2320. The contract size is 100 troy ounces. The initial margin today is $17,000.

1. Calculate the leverage of this futures contract. What is the percent change needed to multiply the initial margin account by two.

2. The intraday maintenance margin (the amount required to carry a contract past the daily close) is 3,600 USD for one contract. Recently, Palladium decreased from $2338.8 to $2166.7 in 5 days. Calculate the number of margins calls that a long position might have received during that week.