On Monday morning you sell one June T$-$bond futures contract at $$97,843\mathrm{.}75.$ The contract's face value is $$100,000.$ The initial margin requirement is $$2,700,$ and the maintenance margin requirement is $$2,000$ per contract. Use the following price data to answer the following questions.

Day Settle

Monday $ $97,406\mathrm{.}25$

Tuesday $ $98,000\mathrm{.}00$

Wednesday $ $100,000\mathrm{.}00$

On which of the given days do you get a margin call?

Multiple Choice

Tuesday

Wednesday

None of the options are correct.

Monday