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Bank of New York Mellon Corporation as a clearing house member is currently long 140 contracts, and the settlement price is $48,000 per contract. The

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Bank of New York Mellon Corporation as a clearing house member is currently long 140 contracts, and the settlement price is $48,000 per contract. The original margin is $3,000 per contract. On the following day the member becomes responsible for clearing an additional 13 short contracts, entered at a price of $44.000 per contract. The settlement price at the end of this day is $38,400. How much does the member have to add to its margin account with the exchange clearing house? $39.000 $1,455,800 $1,310,200 $1,416,800

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