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Question 1 1.33 pts The current futures for WTI Crude are show below. Each contract is for 1,000 barrels (bbl). Assume the spot price today, on 9/26/2016, is 45.25. Month Last price Change Open High Low Nov 2016 45.59 +1.11 44.62 46.20 44.43 Dec 2016 46.14 +1.07 45.18 46.76 45.01 Jan 2017 46.74 +1.05 45.83 47.35 45.62 47.29 +1.01 46.65 47.91 46.22 Feb 2017 Oct 2017 50.24 +1.15 49.71 50.55 49.71 Assume you just bought a Nov-2016 contract of WTI futures. If the initial margin is $9.788 and the maintenance margin is $7.250, how much will the price of WTI need to drop for you to get a margin call? Pick the best answer. Price decline