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complete the following market to market chart be sure to indicate any margin calls Farmer Bob is concerned about the plantin so he hedged this

image text in transcribedcomplete the following market to market chart be sure to indicate any margin calls
Farmer Bob is concerned about the "plantin" so he hedged this position with a Sept '21 futures contract on wheat. The initial and maintenance margins on wheat futures are $1,485 and $1,350 respectively. Each contract is on 5,000 bushels. a. Did he go long or short? why? b. Complete the following marked-to-market chart. Be sure to indicate any margin calls. Settlement Price (per Cash Flow Margin Account Margin Call? Bushel) Balance Day 153 157 159

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