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9. Your futures account had equity of $20,000.00 at the start. Given the following positions, what is the account's CURRENT equity balance? The current

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9. Your futures account had equity of $20,000.00 at the start. Given the following positions, what is the account's CURRENT equity balance? The current equity balance is $23,852.80 POSITIONS QTY Cost Price Initial Equity Sep Wheat 5 572'0 559'2 $6,875.00 Dec Gold 1 $1,554.70 $1,666.50 $5,500.00 Dec Cocoa 2 $2,526.00 $2,756.00 $4,180.00 Cash $3,445.00 TOTAL $20,000.00 10. Note the following contract specifications: CONTRACT UNIT Wheat 5,000 bu QUOTE UNITS c/bushel INITIAL MAINT TIC SIZE MOS. MGN MGN Mar, May, Jul, $0.01 $1,375 $1,250 Sep, Dec Gold 1,000 troy oz $1.00/troy oz $0.10 Feb-Apr, Jun, $5,500 $5,000 Aug, Dec Mar, May, Jul, 10 m tons $/ton $1.00 $2,090 $1,900 Sep, Dec Assuming the initial equity and contract positions from the previous problem, what would the account value be if EACH position DECLINED 2.5% (round price to the nearest tic)?

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