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please help You go long ten December contracts. The details of the contract are given below: - The initial margin is $200 per contract -

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You go long ten December contracts. The details of the contract are given below: - The initial margin is $200 per contract - The maintenance margin is determined using the formula [0.5\%x contract size x number of contracts] - The broker will charge transaction costs using the formula: [ 0.08% contract size x number of contracts] - 85%1/2 of the excess margin can be withdrawn at the end of each day of trade Rounding off all closing balances to the nearest dollar. What is the closing balance in your account at the end of day 5 ? [9Marks] What is the net gain or loss from undertaking the transaction? [1 Mark] Calculate the amount that you will receive from the broker on termination of the contract [2 Marks] Discuss an alternative method through which this contract can be terminated. [1 Mark] What is the total amount that will be withdrawn from the exchange? [1 Mark]

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