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2. Atrader takes the lung pasitiun and a hedge fund takes a shurt pusitiun on ten 1 munth SEIP 500 futures cuntracts at 1300. A

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2. Atrader takes the lung pasitiun and a hedge fund takes a shurt pusitiun on ten 1 munth SEIP 500 futures cuntracts at 1300. A single SEIP 500 futures cuntract equals {$250} 3 (Index 1iJalueju. The initial margin is $325,000 and the maintenance margin is $215,000 fur hath accounts. Ten trading days later, the futures price of the index drups to 1,200 triggering a margin call fur the trader. What is the change margin ac cuunt halance (indicate gain or lass] fur: a] the trader and h) the hedge flmd? What is the margin call fur the trader

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