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Questions 13, 14, and 15. You have entered a short position in a corn futures contract. The contract size is 1,000 contract. The maintenance margin

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Questions 13, 14, and 15. You have entered a short position in a corn futures contract. The contract size is 1,000 contract. The maintenance margin is $16,000. The contract is entered at market close on April 2 at a price of $88/bushel. Fill in the table below. If a margin call occurs, indicate in the margin call column the and adjust the margin account balance accordingly in the next peri dollar bushels for each contract. The initial margin required is $20,000 per amount that has been added to the margin account as a result of the margin call od. Please round to the nearest Day Apr Apr. 4 Futures Price (S) Daily Gain/Loss Margin Account 0 3,000 Balance (S)Margin Call (S) 2 20,000 0 85 86 91 93 89 23,000 pr Apr. 6 Apr. 9

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