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Consider a futures contract in which the price is $100. The initial margin requirement is $7, and the maintenance margin requirement is $5. You go
Consider a futures contract in which the price is $100. The initial margin requirement is $7, and the maintenance margin requirement is $5. You go long 13 contracts and meet all margin calls but do not withdraw any excess margin. Complete the table.
Table 4
Day Beginning Balance Deposits Price Gain Ending Balance
0 $0.0 $100
1 $99
2 $96.30
3 $102.30
4 $101.30
5 $103.30
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