You have sold forward 200 contracts at a price of $700 on March 5. The initial margin is 10,000 and the maintenance margin is 6,000. Here are the settlement prices:

Date Settlement price

5-Mar 625.48

6-Mar 688.30

7-Mar 731.60

8-Mar 715.80

9-Mar 615.20

By establishing a marking to market table and after solving it for the different days, fill in the blanks below. Assume that margin calls are due immediately.

You will receive a margin call of $_________ on March___.

You close out your transaction at the closing on March 9 with a profit of $__________.