Contract		Open	High	Low	Close
Jan, Corn, 5,000 bu, cents/bu		534.07	643.43	408.15	543.39
Jan, Wheat, 5,000 bu, cents/bu		1,183.7	1,371.89	1,035.91	1,275.18

You purchase 16 contracts of January corn at the open. What is the dollar amount of your margin requirement if the margin rate on corn is 4.89 percent? Answer should be formatted as a number with 0 decimal places (e.g. 999).