1. If you want to buy 1 Dec NYBOT cotton futures contract (50,000 lbs per contract) at price 60 cents per pound, you have to pay $30,000.00 at the time of purchasing the contract.

2. The initial margin and maintenance margin for the CBOT corn futures are $1,350 and $1,100 per contract, respectively. A trader sold 1 Sep CBOT corn futures contract (5,000 bushels) at 363.00 cents/bushel and deposited the initial margin. The next day, the futures contract settled at 669.00 cents/bushel. The trader would receive a margin call to replenish her account with a deposit of

3. A futures trader bought 1 Dec 2020 CME live cattle futures contract (40,000 lbs.) at 125.50 cents per pound. The next day the futures price increases to 127.50 cents per pound. The associated FCM will adjust the traders account by a variation margin of

I already know the answers I just need help on how to solve these, thank you very much!