Use the following information to answer questions 1- 5 below: You are responsible for tracking the open interest for a particular commodity this week. On Monday, person A longs 3 contracts, person B shorts 3 contracts, person C shorts 2 contracts and person D longs 2 contracts. On Tuesday, person A longs 2 more contracts, person B longs 1 contract and person C shorts 3 contracts. On Wednesday, person A shorts 1 contract, B longs 4 contracts, and person D shorts 3 contracts. On Thursday, person A shorts 6 contracts, person C longs 4 contracts and person D longs 2 contracts. On Friday, person D longs 2 contracts and person C shorts 2 contracts. 1. What is the open interest for each day of the week (Monday-Friday)? 2. What is each person's net position on Friday? The daily price limit for corn is 125 cents per bushel. Today, the spot price of corn is 778 cents per bushel. You are long 4 contracts. The price of corn is given below for each day of the given week: - Monday =778 - Tuesday =786 - Wednesday =723 - Thursday =696 - riday =738 3. What is the assumed initial margin and maintenance margin? 4. Will there be a margin call(s) this week? Which day(s)? What is the variation margin? 5. What is the margin balance at the end of the day on Friday