10. Sarah Moore has taken a short position in one Chicago Board of Trade Treasury bond futures contract with a face value of $100,000 at the price of 96 6 32 . The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000. Moore meets all margin calls but does not withdraw any excess margin. Fill out Table 2 below. Indicate on the table if a margin call is triggered and if so, at what price level.

Day Beg. Bal. Table 2: Table for Question 10 Funds ures Price End. Price Gain/Loss Change De posited 96-06 96-31 97-22 97-18 97-24 98-04 97-31