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You have decided to use futures contracts to invest in silver at a settle price of $15 per ounce. Each futures contract has a standard

You have decided to use futures contracts to invest in silver at a settle price of $15 per ounce. Each futures contract has a standard size of 3,900 troy ounces and an initial margin requirement of $3,400. If you purchase 30 contracts, what is the total margin (in dollars) you will need to provide? Margin

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