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You are taking short positions for 14 gasoline futures contracts, established at an initial settle price of $2.50 per gallon, where each contract represents 21,000

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You are taking short positions for 14 gasoline futures contracts, established at an initial settle price of $2.50 per gallon, where each contract represents 21,000 gallons. Your initial margin to establish the position is $4,000 per contract, and the maintenance margin is $3,500 per contract. Over the subsequent three trading days, gasoline settles at $2.52, $2.48, and $2.56 respectively. Compute the balance in your margin account at the end of each of the three trading days and compute your total profit or loss at the end of the trading period. Assume that a margin call requires you to fund your account back to the initial margin requirement. (Leave no cells blank - be certain to enter "0" wherever required. The daily margin account value is after the margin call for that day.) Initial margin is Maintenance margin is End of Day 1: Your margin account balance is Required margin deposit is End of Day 2: Your margin account balance is Required margin deposit is End of Day 3: Your margin account balance is Required margin deposit is Your total profit is . (enter "-" with no space for the loss)

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