For Questions 22 to 24. Consider the margin account below; assume the Trader will not close out the position until Day 4. May 2012 Contract Size Initial Margin Maintenance Margin Initial Position 5,000 bu 2,500 $ 1,900 $ Long Price ACCOUNT Day Day1open position) Day2 Day3 Value $29,950.00 Daily gain or loss NA $5.99 $5.95 $5.85 22. True or False: On Day 2 this trader would have a daily loss. 23. True or False: On Day 2 this trader would have a margin call (would need to add money to their margin account). 24. True or False: On Day 3 this trader would have a margin call (would need to add money to their margin account)