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2 . ( 3 0 points ) A company enters into a short futures contract to buy 1 0 . 0 0 0 ounces of

2.(30 points)A company enters into a short futures contract to buy 10.000 ounces of silver for $17 per ounee on Nov 16. The initial margin is $6,000 and the maintenance margin is $4,000 for each contrast. Each contraet is for the delivery of 5.000 ounces of silver#) The following table provides the futures price for the next five days, Fill the following table by calcufating Daily Gain (Loss), Cumulative Gain (Loss) as well as Margin Account Balance for each day for five days in your account, What is the balance of your margin account at the end of the five days?b) What is the futares price per unit above which there will be a margin call?DayFuturesPriceDaily Ciain (Loss)Cumulative Gain(Loss)Margin AccountBalanceMarginCallNov17-17.2Nov 18-17.5Nov19-17.6nov20-17.2?nov21-16.8

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