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On March 2 2 , 2 0 2 3 , Bijan Bharati entered into 2 0 long contracts on Micro Bitcoin Futures at $ 2

On March 22,2023, Bijan Bharati entered into 20 long contracts on Micro Bitcoin Futures at
$28,670? Bitcoin, with each contract for 0.1 Bitcoin. The following table contains some
information for the first 7 days after the contract initiation. The initial margin was $500 per
contract, and the maintenance margin is 85% of the initial margin.
a) How much were the initial and maintenance margins for the 20 contracts?
b) Fill out all the blanks.
c) Suppose that the Bitcoin price was $28,985 on day 1 and $28,865 on day 2. Can Bijan
withdraw fund from his margin account? If yes, by how much?
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