Yesterday you entered into a futures contract to buy 62500 at$1.50/. Your initia

Yesterday you entered into a futures contract to buy 62500 at$1.50/. Your initial margin was $3750 (= 0.04 62500 $1.50/= 4 percent of the contract value in dollars). Your maintenancemargin is $2000 (meaning that your broker leaves you alone untilyour account balance falls to $2000). At what settle price (use 4decimal places) do you get a margin call? a. $1.4720/ b. $1.5280/c. $1.500/ d. None of the above