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3. Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per pound. The maintenance margin is $5500 per contract,
3. Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per pound. The maintenance margin is $5500 per contract, and your broker requires initial margin equal to 110% of the maintenance margin. You take a short position in one November 2022 Copper futures contract at the end of the day on August 31, 2022 and fund your account with cash to meet the initial margin. Fill in the table below based on the price realizations
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