Consider a hypothetical futures contract in which the current price is $212. The initial margin requirement is $10, and the maintenance requirement is $8. You go long 20 contracts and meet all margin calls but do not withdraw any excess margin.

a. When should there be a margin call?

b. Complete the table below and explain any funds deposited. Assume that the contract is purchased at the settlement price of that day so there is no mark-to-market profit or loss on the day of purchase.

Day	Beginning Balance	Funds Deposited	Futures Price	Price Change	Gain/Loss	Ending Balance
0			212
1			211
2			214
3			209
4			210
5			204
6			202

c. How much are your total gains or losses by the end of Day 6?