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Suppose you purchase two December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin

Suppose you purchase two December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price decreases to $1,008 per unit. The balance of your margin account at the end of the day is _________

a. $3,800
b. $2,200
c. $4,200
d. $4,400
e. $3,600

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