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A gold producer goes short on 20 futures gold contracts with price of $1,560. The initial margin requirement is 10% of the contract value, and

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A gold producer goes short on 20 futures gold contracts with price of $1,560. The initial margin requirement is 10% of the contract value, and the maintenance margin requirement is 80% of the initial margin. The gold producer meets all margin calls but does not withdraw any excess margin. Fill in the table below and explain any funds deposited by the gold producer. Beginning Balance Funds Deposited Total Gain/Loss Ending Balance Day Futures Settlement Price Price Change 1560 1555 1565 ou AWNO 1575 1590 1600 1595

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