On Monday, you purchased one Eurodollar interest rate futures contract for $$98,000.$ Initial performance bond is $$5,000$ and the maintenance performance bond is $$4,000.$

$\backslash$table$[[$Day$,$Settle price,Daily gain$/$loss$,$Margin balance$],[Mc,98,0,,5,000],[,96,000,),(],[$Jednesday$,99,000,),(]]$

a$)$ Figure out daily gain$/$loss and the margin balance on Tuesday. $(35$points$)$

b$)$ Do you receive the margin call or not on Tuesday? If you do not receive a margin call, you don't pay anything. However, if you receive a margin call, how much do you pay$\_$to restore your margin account to initial performance bond? $(35$points$)$