The following questions relate to Crude Oil (CL) futures contracts.

a. It is now April 2017. If you buy one CL (crude oil) futures contract at $49.16, how much

margin will you be required to post? (Hint: Initial Margin is 110% of Maintenance

Margin).

b. If you sell the contract at $52.16, what will be your profit or loss?

c. If the contract declines to $45.16, what is your profit or loss and how much additional

margin will you be required to post?

this is for a Finance energy course. I am having issue on this problem, especially figuring out the maintenance margin with the give information.