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You enter into a short crude oil futures contract at $51.9 per barrel. One contract...

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You enter into a short crude oil futures contract at $51.9 per barrel. One contract is for 1,000 barrels of oil. The initial marsin for each contract is $3.525, and the maintenance margin is $2,800. You will get a marsin call when the price per barrel of oil is above X per barrel or below X per barrel. a) What is X ? (Enter numeric value only, no dollar sign or comma. Keep 3 decimal places) b) Will you get a margin call when the price of the oil is above or below X ? (Enter "above" or "below")

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