Your broker requires an initial margin of $4,500 per futures contract on soybeans and a maintenance margin of $3,000 per contract. Each soybean futures contracts are based on 5,000 bushels and quoted in cents per bushel. Yesterday, you bought 5 soybean futures contracts at the closing settlement price of 1372 (i.e., $13.72). Today, the settlement quote is 1340. All margin calls restore margin levels to their initial margin level.

A Will you receive a margin call and if so, for what amount to deposit for the 5 contracts?

B If today's settlement quote is 1340, the current dollar amount of equity (margin) per contract before any possible margin call is closest to?

C When the 5 contracts were purchased, the total dollar amount of required equity was closest to

D he decrease in value per contract is closest to