1. Mark to market a long Eurodollar futures position with June delivery at 93.75 if daily IMM Index settlement prices are

Day 1: 93.90

Day 2: 93.45

Day 3: 93.24

Day 4: 93.58

Day 5: 94.00

List the margin account balances at the end of each trading day and specify (i) whether an additional margin is required on any given day and, (ii) if a margin call is issued, how much must be deposited to your margin account. Assume that the initial margin is $3,000; the maintenance margin is $2,000, and the tick value is 1 b.p. = $25.