A futures contract on the stock of BLA Inc. sells for $65. Jerry goes long in ten contracts. The initial margin requirement is $10 and the maintenance margin is $8 per contract. Jerry holds the contract till expiration. He pays all margin calls and does not withdraw any money. a. At what price will Jerry receive a margin call? If margin call is received, what should Jerry do? b. Complete the following table:

Day Beginning balance Deposit Futures Price Change in price Gain/loss

Ending balance 0 $65 1 68 2 70 3 69 4 64 5 62 6 60 7 63

c. What is Georges profit at the end of seven days?