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You find the following quote for the May Treasury-bond contract. Contract size: $100,000. Points in 32nd of 100 percent. Last Change Prev. Settle Open High

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You find the following quote for the May Treasury-bond contract. Contract size: $100,000. Points in 32nd of 100 percent. Last Change Prev. Settle Open High Low May 95'10 -0.01 95 13 95 15 9612 95'08 Suppose you sell one contract at the open of 95'15. (i.e. (95+15/32)% of $100,000) Your initial margin is $5,000 and the maintenance margin is $3,000. The following are closing prices over the next three days: Day 1: 95'30; Day 2: 94'10; Day 3: 96'12 What is the ending balance on your margin account at the end of Day 3

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