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5 . Sarah Moore has taken a short position in one Chicago Board of Trade Treasury bond futures contract with a face with a Value

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5 . Sarah Moore has taken a short position in one Chicago Board of Trade Treasury bond futures contract with a face with a Value of $109 010 at the price of 96 632 The initial martin requirement is 52 700 and the maintenance margin equirement is $2 090 Moore would meet all margin calls but would not withdraw any excess margin A Complete the table below and provide an explanation of any funds deposited . Assume that the contract is purchased at the settlement price of that day so there is no mark - to -market profit or loss on the day of purchase Beginning Fund Futures Price Ending Day Balance Deposited Price Change Gain Loss Balance 96- 06 96 - 31 97-22 97-18 97- 24 98-04 97 - 31 B . How much are Moore's total gains or losses by the end of Day 6

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