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Assume that a futures contract on 5 0 0 0 bushels of corn has an initial margin requirement 1 0 % per contract and a

Assume that a futures contract on 5000 bushels of corn has an initial margin requirement 10% per contract and a maintenance margin requirement of 50% of the initial margin. Assume the forward /futures price of corn per bushel on Feb 22 that expires on March 15 is $690.25. Consider a buyer of 100 contracts for corn futures initiated on Feb 22 and settled on March 15. Fill in the shaded area of the attached Excel table and calculate the total profit/loss of the futures contract and the forward contract.
(Do not simply copy-paste the formula. It wont work.)
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