Questions 8 to 10 are based on the same information 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 8 0.5 pts What is the total initial balance on your margin account for the three futures contracts? HTML Editora B IVAAIK EI 1 1 XX, DE do 2 VR TT 12pt Paragraph AN Question 9 0.5 pts 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? HTML Editora A. IE311 X E E ITT: 12pt Paragraph Question 10 1 pts Do you receive a margin call if the futures price is $9.68 per ounce at the end of the first trading day? # yes, what is the extra deposit you need to make to your margin account? What will happen if you do not make the deposit? HTML Editom