a. A market participant believes that the price of FKLI contract at the Bursa Malaysia will be at a positive direction in the near future. You asked your broker to open position by using 8 FKLI contracts at price 1206. You are required to pay initial margin of 10% from contract value and maintenance margin of 80% from the initial margin. The following report shows the settlement price of FKLI contracts for the 5 transaction days. Day Price of FKLI

DAY	PRICE OF FKLI
1	1200
2	1054
3	650
4	1000
5	958

i. Calculate the total contracts value traded. ii. Calculate the total initial margins and total maintenance margins iii. Prepare his marked-to-market position. iv. Is there any margin call? Why? How much is the call margin? v. Calculate the leverage effect on the 3rd day of trading.