No of contracts = 4

No of asset (stock) per contract = 100

Initial Margin per contract Maintenance Margin per contract

$5,000 $3,500

Interest rate 0.05 per year or, calculate for per day = ?

Calculate Total Initial Margin = ?

Calculate Total Maintenance Margin = ?

The Contract is entered into on Day 1 at $1440 and closed out on Day 10 at $1431

Short's Margin Account Balance

Day Trade Price ($) Settlement Price ($)

1 1440.0

1 1423.0

2 1429.9

3 1436.2

4 1440.1

5 1441.3

6 1444.6

7 1438.3

8 1441.0

9 1426.9

10 1431.0

Calculate the given below:

a. Change in

b Settlement Price ($)

c. Daily Futures Gain or Loss ($)

d. Margin Account Balance ($)

e. Margin Call ($)

f. Margin Account Balance (adjusted) ($)

Long's Margin Account Balance

Day Trade Price ($) Settlement Price ($)

1 1440.0

1 1423.0

2 1429.9

3 1436.2

4 1440.1

5 1441.3

6 1444.6

7 1438.3

8 1441.0

9 1426.9

10 1431.0

Calculate the given below:

a. Change in Settlement Price ($)

b. Daily Futures Gain or Loss ($)

c. Margin Account Balance ($)

d. Margin Call ($)

e. Margin Account Balance (adjusted) ($)