Problem #2: The current value of an S&R futures is $1321 52. You buy S futures on the S&R and the contract size is $340. The 15 marks] margin is settled on a monthly basis and the margin is 13% of the notional value. Margin calls are made as soon as the margin is below 70% of the initial margin level. We assume that r = 5% and observe the following futures prices: 0 3 Month Futures Price $1321.52 1 $1472.81 2 $1488.58 4 $1369.24 $1348 34 Find the monthly margin balance (a) at time 0. (b) at time 1. (e) at time 2. (d) at time 3. (e) at time 4. Problem 2(a): answer correct to 2 decimals Problem #2(b) answer correct to 2 decimals Problem #2[0) answer correct to 2 decimals Problem W204): answer correct to 2 decimals Probleme) answer correct to 2 decimals Problem #2: The current value of an S&R futures is $1321 52. You buy S futures on the S&R and the contract size is $340. The 15 marks] margin is settled on a monthly basis and the margin is 13% of the notional value. Margin calls are made as soon as the margin is below 70% of the initial margin level. We assume that r = 5% and observe the following futures prices: 0 3 Month Futures Price $1321.52 1 $1472.81 2 $1488.58 4 $1369.24 $1348 34 Find the monthly margin balance (a) at time 0. (b) at time 1. (e) at time 2. (d) at time 3. (e) at time 4. Problem 2(a): answer correct to 2 decimals Problem #2(b) answer correct to 2 decimals Problem #2[0) answer correct to 2 decimals Problem W204): answer correct to 2 decimals Probleme) answer correct to 2 decimals