Consider an investor who contacts his/her broker on June 5th to enter into short position on 3 December soybean futures contract. Each contract size is 50ts. Initial margin requirement is $5000 per contract and maintenance margin requirement is $3750 per contract. Suppose that current futures price is $1250 per pound. Using the daily settlement process, please answer the questions 81 - #3. date Natures price loss/gain Acct bal. (after adjusting marginal Margin call 5-Jun $1,250 Abs $1,240 lbs 6-Jun $1.235 /bs 7 Jun $1,215 Abs B-Jun $1245 lbs total cumloaie 11. Are there any margin calls? If so, when and by how much? 12. How much is the total cumulative loss/gain for this account? What is the appropriate account balance at the end of June on, which is the highlighted part in the table above? #1. no, there are no margin calls 1. yes, there is a margin call on June 7th, by 52250 1. yes, there is a margin call on June 5th, by 54500 2. total cumulative gain. 5750 2. total cumulative loss -5750 42. total cumulative gain 1500 2. total cumulative loss -51500 03. june 6th account balance 517,250 #3. June 6th account balance = $15.750 3 June the account balance 520.250