Please show/explain how to get the answers. Answers are provided in bold! I mostly just need help with #4 and #5.

Please answer the next ten questions based on the closing December futures contract prices for BP for four consecutive days in November. You sold two BP futures contract at the closing price on 11/01. Each BP futures contract requires the delivery of BP 62,500. Suppose, the initial and maintenance margin for each BP futures contract are $1,200 and $800, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin call if you get one 11/02 $1.7527 $1.7782 11/04 S1.7580 $1.7713 11/01 S1.7579 $1.7750 11/03 S1.7588 S1.7827 Date Closing BP Spot Price Closing December BlP Futures Contract Price 3. Estimate the profit /loss posted to your account at the close of 11/02 a. $200 b. -$200 c. -S400 d. -S3,187.5 Estimate how much money you will have in your margin account at the close of the trading day on 4. 11/02 - before you meet your margin calls, if you get any. a. $1,000 b. $1,400 c. S2,000 d. $2,800 5. What is the margin call you will receive at the close of the trading day on 11/02? a. S2,400 b. $400 c. $200 d. SO Please answer the next ten questions based on the closing December futures contract prices for BP for four consecutive days in November. You sold two BP futures contract at the closing price on 11/01. Each BP futures contract requires the delivery of BP 62,500. Suppose, the initial and maintenance margin for each BP futures contract are $1,200 and $800, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin call if you get one 11/02 $1.7527 $1.7782 11/04 S1.7580 $1.7713 11/01 S1.7579 $1.7750 11/03 S1.7588 S1.7827 Date Closing BP Spot Price Closing December BlP Futures Contract Price 3. Estimate the profit /loss posted to your account at the close of 11/02 a. $200 b. -$200 c. -S400 d. -S3,187.5 Estimate how much money you will have in your margin account at the close of the trading day on 4. 11/02 - before you meet your margin calls, if you get any. a. $1,000 b. $1,400 c. S2,000 d. $2,800 5. What is the margin call you will receive at the close of the trading day on 11/02? a. S2,400 b. $400 c. $200 d. SO