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(c) Consider a futures contract in which the current futures price is $82. The initial margin requirement is $7, and the maintenance margin requirement is

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(c) Consider a futures contract in which the current futures price is $82. The initial margin requirement is $7, and the maintenance margin requirement is $3. You go long 30 contracts and meet all margin calls but do not withdraw any excess margin. Assume that on the first day, the contract is established at the settlement price, so there is no mark-to-market gain or loss on that day. (i) Complete the table below and provide an explanation of any funds deposited. [13 Marks]

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