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Contract 3 Each Contract Size 200-ton corn Initial Margin $7000/Contract Maintenance Margin 65% Day Trade Price Settlement Price 1 $1,853 2 $1,860 3 $1,845 4
Contract | 3 |
Each Contract Size | 200-ton corn |
Initial Margin | $7000/Contract |
Maintenance Margin | 65% |
Day | Trade Price | Settlement Price |
1 | $1,853 | |
2 | $1,860 | |
3 | $1,845 | |
4 | $1,832 | |
5 | $1,843 | |
6 | $1,855 | |
7 | $1,875 | |
8 | $1,788 | |
9 | $1,802 | |
10 | $1,849 | |
11 | $1,865 | |
12 | $1,887 | |
13 | $1,898 | |
14 | $1,923 | |
15 | $1,911 | |
16 | $1,893 | |
17 | $1,849 | |
18 | $1,832 | |
19 | $1,823 | |
20 | $1,811 | |
21 | $1,778 |
From the above information calculate daily gain, cumulative gain, margin account balance and margin call (if any) on daily basis.
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