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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? POSITIONS Sep Wheat

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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? POSITIONS Sep Wheat Dec Gold Dec Cocoa Cash TOTA L QTY 5 1 2 Cost 5720 $1,554.701 $2,526.00 Price 559'2 $1,666.501 $2,756.001 Initial Equity $6,875.00 $5,500.00 $4,180.00 $3,445.00 $20,000.00 $0.01 Sep. Dec UNIT QUOTE CONTRACT INMAL MAINT TICSZE MOS. UNITS MGN MGN Wheat 5,000 bu c/bushel Mar, May, Jul, $1,375 $1,250 Gold 1,000 troy oz $1.00/troy oz $0.10 Feb-Apr, Jun $6,500 $5,000 Aug. Dec Cocoa 10 m tons $/ton $1.00 Mar, May, Jul, $2,090 $1,900 Note the following contract specifications: 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)? Sep. Dec

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