c. The next day (Day 2) the settlement price rises to $1523'0. i. After the clearinghouse issues pays and collects, how much is in your margin account? (1 point) I il. Does the exchange issue a margin call, and if so for how much? (1 point) iii. Today's cash price is 1512'2. What is today's basis? (1 point) iv. Relative to yesterday, the basis has strengthened/weakened. (highlight/circle one) (1 point). b. The initial margin is $2,000 and the maintenance margin is $1,900. Recall that the contract size is for 5,000 bushels. You place a market order at 1pm for I contract and it is filled at $1519'0. At 2pm the market closes and it is announced that the settlement price is $15184. i. After the clearinghouse issues pays and collects, how much is in your margin account? (1 point) 1,900-1,518.4=381.6 ii. Does the exchange issue a margin call, and if so for how much? Assume you pay it. (1 point) Yes because it dropped from 1,900 to 381.6 iii. In your county, today's cash price for soybeans is 1510'0. Relative to the settlement price, what is today's basis? (1 point)