Below is the contract specification for the live cattle futures traded on the Chicago Mercantile Exchange:

Tom has just sold 10 April contracts at 92.475 cents and has deposited $12,000 into its margin account. Assume that the 10 cattle future is the only position in his account.
At what futures price Tom's margin account will be credited with $5,000. (4 points)
At what futures price a margin call will be triggered against Tom's margin account. (4 points)

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Minimum Fluctuation (tick size) 0.025 cent per ContQuoted Trading Name Initial Maintenance Units Unit Margin Margin US cents per pound 40,000 ive Cattle $1,080 s800 pounds