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(Question of Fall 2022 mid-term) Local Peca Mining Ltd. entered into 4 futures contracts to sell silver at $25/oz., with each contract for 5,000oz. The
(Question of Fall 2022 mid-term) Local Peca Mining Ltd. entered into 4 futures contracts to sell silver at \$25/oz., with each contract for 5,000oz. The following table contains some information for the first 7 days after the contract initiation. The initial margin was $41,800 as shown. The only other thing we know is that, the first margin call occurred on day 2 and, when the margin call was made, the margin account balance was $1,200 below the maintenance margin. a) How much were the maintenance margin and the margin call amount on day 2? b) Fill out all the blanks. c) Suppose that the price subsequent to the contract initiation was not \$24.95. At what price would Local Peca Mining be able to withdraw \$3,500 from the margin account at the end of the first day
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