1. The following table shows the futures price data today for Commodity X, and you purchased a futures contract today at the settlement price.

	Open	High	Low	Settlement	Change	Open Interest
Today	$16.28	$16.33	$16.25	$16.29	$(0.02)	6,338

1. Calculate the total value of this futures contract.
2. If the initial and maintenance margin requirements are 15% and 10% of the contract value respectively, calculate the amount of deposit required to execute this contract.
3. If the prices of the commodity X in the next 3 trading days are: $16.27, $16.40 and $16.97, calculate the profit/loss per kilogram of commodity X, total value of the contract, and the mark-to-market settlement. If additional margin is required, indicate when it is necessary and the additional deposit amount.