Question: please answer Suppose that you enter into THREE futures contracts to BUY July silver for $10.20 per ounce on the New York Commodity Exchange. The

please answer

Suppose that you enter into THREE futures contracts to BUY July silver for $10.20 per ounce on the New York Commodity Exchange. The size of the contract is 5,000 ounces. The initial margin is $4,000 for each contract, and the maintenance margin is $3,000 for each contract. Question 9 0.5 pts "S Suppose at the end of the first trading day, the futures price is $10.00 per ounce, what is the ending balance on your margin account? Edit View Insert Format Tools Table 12ptParagraph B IV AeTv

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