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Consider a futures contract in which the current futures price $106. The initial margin requirement is $18, and the maintenance margin requirement is $9. You

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Consider a futures contract in which the current futures price $106. The initial margin requirement is $18, and the maintenance margin requirement is $9. You go long 50 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. a. Complete the table below and provide an explanation of any funds deposited. (15 marks) Day Price Change Gain/Loss Ending Balance 0 1 2 3 4 5 6 Beginning Funds Futures Balance Deposited Price 106 108 100 96 88 78 88

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