solve 5-7

Intro The futures price per troy ounce of gold delivered in 3 months is as follows: Day Futures price 1.231 1 1.234 1,228 1.225 Each contract is for 100 troy ounces Part 1 Attempt 1/1 for 10 pts. You bought one futures contract on day o. What is your daily profit on day 1 (In $)? 300 Save Attempt 1/1 for 10 pts Part 2 What is your daily profit on day 2 (in $)2 -600 Save Save Attempt 1/1 for 10 pts. Part 3 What is your daily profit on day 3 (in $)? -300 Save Part 4 pa Attempt 1/1 for 10 pts. If the initial margin requirement is 10%, how much money do you have to put into your brokerage account? 12,310 Save Part 5 1 Attempt 1/1 for 10 pts. What is the balance in your margin account at the end of day 1? 0+ decimals Save Part 6 | Attempt 1/1 for 10 pts. What is the balance in your margin account at the end of day 2? 0+ decimals Save Part 7 | Attempt 1/1 for 10 pts. What is the balance in your margin account at the end of day 3? D7 decimals Save