DERIVATIVES AND FUTURE MARKETS Question

please solve it, I'll give you thumb up.

Assume that on August 1, you bought one CBOT September Treasury bond futures contract at the opening price of 100-00. The initial margin requirement is $2,500, and the maintenance margin requirement is $2,000. You maintain your position every day through August 15, and then and close out the contract at the opening price of 102-07 on August 18. One contract involves the delivery of $100,000 face value of the bond. Margin Account Bal. Value of One Contract Daily Gair Loss For the one contract Cum. Gair Loss For the one contract Margin Calls 9 10 Date Settlement 11 Price 12 Buy at 100-00 13 1-Aug 99-18 14 154-Aug 99-09 16 17 5-Aug 98-22 18 19 6-Aug 98-10 20 21 7-Aug 99-05 22 23 8-Aug 99-03 24 25 11-Aug 100-22 26 27 12-Aug 100-27 28 29 13-Aug 101-03 30 31 14-Aug 100-16 32 33 15-Aug 101-14 34 Close 35 18-Aug 102-07 36 18-Aug 102-05 37 1) Mark-to market this contract (see above) 2) What action is necessary on August 18 to close out the position? 3) What is the holding period return? 4) What is the dollar amount of profit or loss to the investor who has sold this contract (no calculations are necessary)? 5) What is the HPR if the underlying asset is bought instead of the futures contract? Assume that the spot prices for the asset are the same as the futures prices on August 1st and August 18. CBOT Treasury Bond Futures Specifications Treasury Bond futures, Chicago Board of Trade The contract size is $100,000. The minimum tick is 1/2 of 1/32nd, worth $15.625 per contract. Open-outcry trading is conducted from 7:20 AM until 2:00 PM Chicago time. CBOT offers an after-hours trading session running from 7:00 PM until 4:00 PM the next day, Sunday through Thursday. Primary trading months for U.S. Treasury Bond futures and options are March, June, September and December