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$10.$ S$24$ AGEC $314$ HW $4-2.$docx

Question $6(3$ pts$)$: Offsetting

Today $-$ buy $1$ Nov Soybeans contract at $1085\text{'}2$

September $1^{st}-$ sell $1$ Nov Soybeans contract at $12974$

Calculate the profit or loss on the contract.

Question $5(22$ pts$)$: Margin Account

Assume you buy one July $\text{'}23KC$ HRW contract today at $$5\mathrm{.}385$; its initial is $$2,310$ with a maintenance of $$2,100.$

Today $-$ July KC HRW settles at $$5\mathrm{.}385.$ What do you deposit in the margin account?

Session $2-$ July KC HRW settles at $$5\mathrm{.}3075$ What is the gain or loss from session $2?$

What is the balance?

Is there a margin call? If so$,$ what is it$?$

$\frac{?}{\text{b}\text{a}\text{r}}($ Session $3-$ July $KC)$ HRW settles at $$5\mathrm{.}3425$ What is the gain or loss from session $3?$

What is the balance?

Is there a margin call? If so$,$ what is it$?$

Session $4-$ July KC HRW settles at $$5\mathrm{.}295$

What is the gain or loss from session $4?$

What is the balance?

Is there a margin call? If so$,$ what is it$?$

$$ Session $5-$ Offset July KC HRW at $$5\mathrm{.}4275$

Calculate the profit or loss on the trade.

$12$

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