Prices of a futures contract for five consecutive trading days are provided in the table below. The initial margin requirement is set at $6.00 per contract and the maintenance margin is $3.60 per contract. On day 0, a trader enters into a short position for 15 contracts. The ending balance for the margin account on day 5 is closest to: Day 0 1 2 3 4 5 a. $15.00 b. $60.00 c. $210.00 d. $125.00 Futures Price $120 $118 $117 $119 $123 $125

Prices of a futures contract for five consecutive trading days are provided in the table below. The initial margin requirement is set at $6.00 per contract and the maintenance margin is $3.60 per contract. On day 0 , a trader enters into a short position for 15 contracts. The ending balance for the margin account on day 5 is closest to: a. $15.00 b. $60.00 c. $210.00 d. $125.00