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  3. 2. [3 points) assume the initial margin on crude o

2. [3 points) Assume the initial margin on crude oil is $4,980 per contact and...

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2. [3 points) Assume the initial margin on crude oil is $4,980 per contact and the maintenance margin is $4,525 per contract. Adam entered into a short futures position on crude oil in the April 2021 contract. Each contract is for 1,000 barrels. Determine at what price Adam will experience a margin call? The current price is $55.81 per barrel. Adam has 7 contracts

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