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8 9 = Question 33 (1 point) You have a long position in one corn futures contract. Each futures contract calls for the delivery of

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8 9 = Question 33 (1 point) You have a long position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2 corn. The initial margin was $3,000 and the maintenance margin is $1,500. At the close of trading yesterday, the futures price was $6.18 per bushel and the balance in your margin account was $250 oday, the settlement price for corn futures is $5.76: What is the balance in account at the end of today's trading? Assume that you made the minimum deposit necessary if there was a margin call. 13 1) $3,000 2) $2,500 5 3) $2,000 4) $1.500 18 Page 11 of 11 Next Page

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