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2. An investor takes a short position in 10 orange juice futures contracts maturity in December on June 8 when the futures market is about

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2. An investor takes a short position in 10 orange juice futures contracts maturity in December on June 8 when the futures market is about to close. a. contract size is 10,000 pound b. futures price is US$ 0.14 per pound c. margin requirement is US$400/contract d. maintenance margin is US$250/contract Please fill in the blanks of the following table. Regarding the Margin Call column, please indicate the value needs to be deposited to the margin account if there would be a margin call. If there would be no margin call, the value should be entered as zero. Day June 9 June 10 June 11 Futures price Daily Gain 0.17 (1) (3) 3000 0.18 (5) Margin Call (2) 6 2. An investor takes a short position in 10 orange juice futures contracts maturity in December on June 8 when the futures market is about to close. a. contract size is 10,000 pound b. futures price is US$ 0.14 per pound c. margin requirement is US$400/contract d. maintenance margin is US$250/contract Please fill in the blanks of the following table. Regarding the Margin Call column, please indicate the value needs to be deposited to the margin account if there would be a margin call. If there would be no margin call, the value should be entered as zero. Day June 9 June 10 June 11 Futures price Daily Gain 0.17 (1) (3) 3000 0.18 (5) Margin Call (2) 6

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