M. DIA buys two silver futures contracts. The initial margin is PLN 2,000 per contract (or PLN 4,000 for two contracts) and the maintenance margin is PLN 1,500 per contract (or PLN 3,000 for two contracts). The contract is entered into on June 5 at PLN 850 and closed out on June 18 at PLN 840.50. (Silver is trading around PLN 1,300 per ounce now.) Day June 5 June 6 June 9 June 10 June 11 June 12 June 13 June 16 June 17 June 18 Futures price (settlement) 850.00 848.00 847.50 848.50 846.00 844.50 845.00 846.50 842.50 838.00 840.50 3 2 Requirement: When would there be a margin? A. B. Show a complete table of transactions of up to ten working days. How much is the total gains/losses by the end of day ten. C. M. DIA buys two silver futures contracts. The initial margin is PLN 2,000 per contract (or PLN 4,000 for two contracts) and the maintenance margin is PLN 1,500 per contract (or PLN 3,000 for two contracts). The contract is entered into on June 5 at PLN 850 and closed out on June 18 at PLN 840.50. (Silver is trading around PLN 1,300 per ounce now.) Day June 5 June 6 June 9 June 10 June 11 June 12 June 13 June 16 June 17 June 18 Futures price (settlement) 850.00 848.00 847.50 848.50 846.00 844.50 845.00 846.50 842.50 838.00 840.50 3 2 Requirement: When would there be a margin? A. B. Show a complete table of transactions of up to ten working days. How much is the total gains/losses by the end of day ten. C