ippose you are a commodity futures trader. You enter into a long position in 100 contracts in lver at a futures price of $21.50 per oz. he size of 1 futures contract is 100 oz. The initial margin per contract is $150, and the aintenance margin per contract is $110. a) Evaluate the initial margin and maintenance margin. (2 marks) b) Suppose that the trader can satisfy all the margin calls, if there are. Ignore the interest in the margin account and assume the futures settlement price on the next five days is: $22.00 per oz. $22.25 per oz. $21.00 per oz. $19.30 per oz. $22.10 per oz. What is the margin account balance at the end of each day? (30 marks) Please answer with using the below table format. On which day(s) do(es) a margin call occur? (2 marks) What are the trader's total gains or losses on the fifth day when he closes (6 marks) out his position? ippose you are a commodity futures trader. You enter into a long position in 100 contracts in lver at a futures price of $21.50 per oz. he size of 1 futures contract is 100 oz. The initial margin per contract is $150, and the aintenance margin per contract is $110. a) Evaluate the initial margin and maintenance margin. (2 marks) b) Suppose that the trader can satisfy all the margin calls, if there are. Ignore the interest in the margin account and assume the futures settlement price on the next five days is: $22.00 per oz. $22.25 per oz. $21.00 per oz. $19.30 per oz. $22.10 per oz. What is the margin account balance at the end of each day? (30 marks) Please answer with using the below table format. On which day(s) do(es) a margin call occur? (2 marks) What are the trader's total gains or losses on the fifth day when he closes (6 marks) out his position