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(A) A trader enters in 2 long units of gold per contract) on the opening of March 20th when the futures price is $100 per

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(A) A trader enters in 2 long units of gold per contract) on the opening of March 20th when the futures price is $100 per ounce. - The initial margin is 10%. - The maintenance margin is 65%. - The margin account earns interest of 5% compounded continuously. i. Calculate the margin account balance at the end of March 20th. ii. Find the greatest value of futures price on March21st($x) at which you receive margin call? iii. Now suppose the maintenance margin is y% and the futures price on March 21st is x=$98 and you received a margin call. Find the lowest value of y

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