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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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