Your broker requires an initial margin of $4000 and a maintenance margin of $3000 for trading of futures. You make your first future trade by buying futures worth $3000 and there is no change in the value of futures position at the end of the day you initiated the trade. At the end of the next day, that is day one, the value of your futures position decreases by 1500. Based on this information, evaluate whether the following statement is true or false: You will receive a margin call of $1500 at the end of the day one.

True or False