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A corn futures trader decides to go SHORT one corn futures contract for March delivery at USD 3.85 per bushel (5,000 bushels per contract) with

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A corn futures trader decides to go SHORT one corn futures contract for March delivery at USD 3.85 per bushel (5,000 bushels per contract) with an initial and maintenance margin of USD 800. The next day, the price goes to USD 3.76. What is the traders balance in the account before any maintenance margin deposits? Assume that the trader starts with the minimum required capital in the account do back this trade. 350.00 819.14 1,250.00 -18,800.00

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