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 Comunodity Exchange. The sine of the contract is 5.000 ounces. The initial margin is $4,000 for each contract, and the mainterance margin is $3,000 for each contract. Do you receive a margin call if the futures price is $9.68 per ounce at the end of the first trading day? if yes, what is the extra deposit you need to make to your margin account? What will happen if you do not make the deposit? Edit View Insert Format Tooks Table