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c. You enter into a futures contract to buy 2000 shares of a stock in 6 months at a price of $55 per share. The exchange requires an initial margin of 12% and a maintenance margin of 75% of the initial margin. i. What is the value in $ of the initial margin and the maintenance margin? [2 marks ] ii. After you enter into the contract, the closing price of the underlying asset movements over the first 9 trading days are as shown in Table 1 . When will you have your first margin call and how much will you need to pay? [2 marks] Table 1: Asset price movements