Consider an investor who buys a stock index futures contract on the MSCI Singapore Free Index at 250 on day 1. The size of each contract will be $200 multiplied by the MSCI Singapore Free Index Assume the initial margin and maintenance margin for the contract are $5,000 and $4,000 respectively. Record the following investor account marked to market. Day Settlement Price Profit/Loss Margin Balance Margin Call 1 250 2 252 3 246 4 244 (4) The current price of an asset is $100. An out-of-the-money American put option with an exercise price of $90 is purchased along with'the asset. If the breakeven point for this hedge islat an asset price of $114 at expirationjwhatis the value of the American put at the time of purchase