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24. You have just deposited $17,500 into a new futures account. You have established the following positions: Asset Qty Entry Price Mgn/Contract Initial Equity Tic

24. You have just deposited $17,500 into a new futures account. You have established the following positions:

Asset

Qty

Entry Price

Mgn/Contract

Initial Equity

Tic Value

Contract Unit

Cash Balance

-

-

$2,137

-

-

-

LCV20

2

107.65/cwt

$1,350

$2,700

$.025/lb=$10

40,000 lbs

CTV20

1

0.5637

$4,900

$4,900

1/100 cent = $5

50,000 lbs

HGX20

1

3.025

$7,763

$7.763

$0.25/lb=$12.50

25,000 lbs

The prices of the commodities have moved during the trading day so that COB (close of business) quotes are:

Contract

High

Low

Close

Net D

LCV20

112.525

111.025

112.525

+4.875

CTV20

0.6416

0.6416

0.6416

+0.0779

HGX20

3.116

3.025

3.110

+0.14

What is the new balance of the account when marked-to-market?

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