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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

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 $7.43. Will you receive a margin call and what deposit will you be required to make?

a $1,750

b no margin call; $0

c $2750

d $2250

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