1. Assume that you bought 20 futures contracts for $212 for each contract. Assume also that your initial margin required by your broker is $10 per contract while your maintenance margin is $8 per contract. You need to complete the following table Day Your Beginning Balance Your deposits The Futures price Price Change Gains (less) Your Ending Balance 0 1 2 3 4 212 211 214 209 210 204 202 6 2. Suppose that it is December 2019, and a bank expects to sell a 3-month $1m Eurodollar CD in Feb. 2020. Assume that the market rate in Jan. 2020 is 4.56%. On Feb. 2020, the rates become 4.32%. Assume that the bank can hedge its exposure using the Eurodollar futures contracts and that the current available futures rate of March 2020 is 4.87%. Also, assume that on Feb. 2020, the March futures rate become 4.62%. You need to set-up a table that shows (1) profit and loss profile of the bank hedge operation; (2) the effective cost of the bank CD