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Assume the 5-day maturity futures price for silver is currently $20.10 per ounce. The futures contract allows for the delivery of 5,000 Ounces per contract.

Assume the 5-day maturity futures price for silver is currently $20.10 per ounce. The futures contract allows for the delivery of 5,000 Ounces per contract. Assume Ariana, now working as a derivatives engineer at State Street, has sold 200 such futures contracts. Suppose that over the next 5 days, the futures price evolves as follows:

Day Futures Price

0 (today) $20.10

1 20.20

2 20.25

3 20.18

4 20.18

5 (maturity)20.21

Draw a table and show the daily mark-to-market settlements for the whole position held by Ariana on behalf of State Street. (show your work fully)

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