ZOOM+ 8.7 Currently, a September corn futures contract is priced at 245 cents per bushel, with one contract equal to 5,000 bushels. Your broker requires an initial margin of 15 percent on futures contracts. a. (4 points) How much must you deposit in a margin account if you wish to purchase 3 contracts? b. (3 points) Suppose the contract expires at a price of 232 cents per bushel. Disregarding transaction costs, what is your percentage return? C. (3 points) Suppose the contract expires at 250 cents your percentage return? per bushel. Disregarding transactions costs, what is