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Please show your work. I am unsure of the equations to use. 38. You short one S&P index future contract (the multiplier is $250 for

Please show your work. I am unsure of the equations to use.image text in transcribed

38. You short one S&P index future contract (the multiplier is $250 for one contract). Assume the initial margin requirement is $10,000. If the maintenance margin requirement is $6,000, will you receive a margin call on day 3? How much fund you need to put in this account to keep it working if you receive the margin call? Finish the following marking to market table. (10 points) **** Please show work**** Day Settle Price $ Value of one contract Value Change in one contract Margin Account Value Total HPR Margin Account Open 2053.57 1 2066.38 2 2069.07 3 2071.51

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