8.A T-bond futures contract has a face value of tutures contract has a face value of $100,000, currently it is priced at 109-24. mital margin is 3,713, and maintenance margin is $2.750. Mark longs fifteen 1-note Futures contract and Cindy shorts fifteen T-note futures contract. Monday's close is 110-10. and Tuesday's close is 108-28. 00. What are the margin balances for Mark and Cindy on Monday? Who will get a margin call, by how much? (8 points) 8. What are the margin balances for Mark and Cindy on Tuesday? Who will get a margin call, by how much, assuming the margin call will be settled overnight? (8 points) 9. You have taken a long position in a call option on IBM common stock. The option has an exercise price of $125 and IBM's stock currently trades at $140. The option premium is $18 per contract 9a. what is your net profit on the option if IBM's stock price increases to $160 at expiration of the option and you exercise the option? (4 points) 9b. How much of the option premium is due to intrinsic value versus time value? (4 points) 9c. What is your net profit if IBM's stock price decreases to $130? (4 points)