B. On the 1 February 2017, at the opening of the Chicago Board of Trade (CBOT), your financial advisor ask you to go long on 1 March 2017 gold futures contract. Here were the price for gold futures contacts. Here are the price for gold futures contracts traded on Chicago Board of Trade on the 1 February 2017 March 2017 $ futures March 2016 $ futures Open Price Day's high Day's ow Close Price 356.02 356.90 358.14 357.80 356.02 356.80 357.80 357.60 The initial margin per gold futures contract paid was $1,225 and the maintenance margin was $1,000. Each gold futures calls for delivery of 100 troy ounces of gold a. Assume it cost you $17.50 in brokerae ees to buy the contract, and $17.50 to close your position. If you closed out your position at the market close on same day 1 1 February 2017), explein how much did you gain or lose? (4 marks) b. Detail all the cash-fiows (initial and maintenance margin) that you paid or received on that day: (4 marks)