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this is related to the previous question that i posted F) Compute the amount in balance in your margin account at end of day 3

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F) Compute the amount in balance in your margin account at end of day 3 and explain the components making up this amount. (5 marks) You are looking at a long position in three wheat contracts of 5,000 bushels. Each contract is worthy$2.00 per bushel today. Each contract requires an initial margin of $150 and a maintenance margin of $100. (b) Compute the initial margin for a three-contract trade and the maintenance margin for the same three-contract trade. (6 marks) You are being requested by the Product Controller to report your positions for the past three days of trading. Assume the price per bushel has gone down by two cents (0.02 US dollars) in the first day of trading. Compute your estimated payment at margin call to restore the maintenance margin after the first day of trading. (6 marks) By the end of day 2, the price per bushel has gone up by three cents (0.03 US dollars) compared to day 1. (d) Compute your estimated payment at the end of the second day of trading. (4 marks) By the end of day 3, the price per bushel has gone down by one cent (0.01 US dollars) since day 2. (e) Compute your cumulative profit or loss at the end of day 3 since day 0. (4 marks)

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