Answer please

(a) You are interested in trading June crude oil futures contracts on the NYMEX. Each contract is for 1000 barrels of oil. The current spot price is $70 per barrel, the June futures price is $75 per barrel, initial margin is $6000 per contract, and maintenance margin is $4500 per contract.

If you initiate a short sell pf 10 June contracts, then you will ______ in your margin account

Select one:

a. receive $700,000

b. receive $750,000

c. pay $60,000

d. receive $60,000

e. none of the above is correct

You are interested in trading June crude oil futures contracts on the NYMEX. Each contract is for 1000 barrels of oil. The current spot price is $70 per barrel, the June futures price is $75 per barrel, initial margin is $6000 per contract, and maintenance margin is $4500 per contract

If you initiate a buy of 10 June contracts, then you will ______ in your margin account.

Select one:

a. pay $750,000

b. pay $700,000

c. pay $45,000

d. receive $60,000

e. none of the above are correct

You are interested in trading June crude oil futures contracts on the NYMEX. Each contract is for 1000 barrels of oil. The current spot price is $70 per barrel, the June futures price is $75 per barrel, initial margin is $6000 per contract, and maintenance margin is $4500 per contract

Suppose that you short sell the 10 June contracts at $75 per barrel. At what futures price will you receive a margin call?

Select one:

a. Any price above $75

b. Any price below $75

c. Any price above $76.50

d. Any price below $76.50

e. None of the above is correct