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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 QTY Cost

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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 QTY Cost Price Initial Equity 5 559'2 Sep Wheat Dec Gold 1 572'0 $1,554.70 $2,526.00 $1,666.50 $2,756.00 Dec Cocoa 2 $6,875.00 $5,500.00 $4,180.00 $3,445.00 $20,000.00 Cash TOTAL Note the following contract specifications: QUOTE INITIAL MAINT CONTRACT UNIT TIC SIZE MOS. UNITS MGN MGN Wheat Mar, May, Jul, 5,000 bu c/bushel $0.01 $1,375 $1,250 Sep, Dec Feb-Apr, Jun, Gold 1,000 troy oz $1.00/troy oz $0.10 $5,500 $5,000 Aug, Dec Cocoa 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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