A silver futures contract requires the seller to deliver, Financial Accounting

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A silver futures contract requires the seller to deliver

A silver futures contract requires the seller to deliver 5,000 Troy ounces of silver. Jerry Harris sells one July silver futures contract at a price of $28 per ounce, posting a $6,000 initial margin. If the required maintenance margin is $2,500, what is the first price per ounce at which Harris would receive a maintenance margin call?

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Financial Accounting: A silver futures contract requires the seller to deliver

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Financial Accounting: A silver futures contract requires the seller to deliver

Reference No:- TGS01120045

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