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Working to figure out initial and maintenance margin in order to complete the table Suppose a speculator would like to place an order to buy

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Working to figure out initial and maintenance margin in order to complete the table

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Suppose a speculator would like to place an order to buy December corn futures at $5.50/bu. The initial margin requirements for a 5,000-bushel corn contract is 7.5% and the maintenance margin requirement is 5% of the face value of the contract. Complete the table: Date Price ($ per bu.) Action Margin Account Action Balance Initial margin = $ Maintenance margin = $ July 2 $5.50 July 3 $5.45 July 4 Holiday July 5 $5.40 July 6 $5.35 July 9 $5.32 July 10 $5.22 July 11 $5.16 July 12 $5.24 July 13 $5.28

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