Three days ago, you long 2 futures contracts at $1.50 per . Over the past three days the contract has settled at $1.51, $1.52, and $1.54 per . The initial margin is 3,000 $ and the maintenance margin is 1,000 $. (1 contract = 62,500 ). No decimal needed in the answer

1. What is the daily gain/loss on the 2nd day?

2. From the information above, what is the balance at the end of the 3rd day?

3. From the information above, what is the gain/loss over the 3-day holding period for the Futures position?

4. From the information above, will there be a margin call during the 3-day period?