You have a long position in one soybean futures contract. The initial margin was $3,250 and the maintenance margin is $1,750. At the close of trading yesterday, the futures price was $8.03 per bushel and the balance in your margin account was $4,500. Today, the settlement price for soybean futures is $7.23. Will you receive a margin call and what deposit will you be required to make?

$2,750

$1,750

no margin call; $0

$2,250