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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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