Receive a maintenance margin call

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Reference no: EM131486694

A silver futures contract requires the seller to deliver 5,000 Troy ounces of silver. Jerry Harris sells one July silver contract at a price of $21 per ounce, posting a $5,500 initial margin. If the required maintenance margin is $3,500, what is the first price per ounce at which Harris would receive a maintenance margin call?

Reference no: EM131486694

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Receive a maintenance margin call : what is the first price per ounce at which Harris would receive a maintenance margin call?

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