3. The initial margin maintenance margin for 2018 COMEX gold futures contract is $8,500 and $7,500, respectively. The size of the COMEX gold futures contract is 100 ounces. Suppose that a trader bought I July 2018 COMEX gold futures contract on 08 June 2018 at the settlement price of the day as sown in the following table. The margin balance of the trader's account is marked-to-the-market based on each day's closing price. Calculate the contract valuc, margin balance, and margin call for the following five trading days and enter into the appropriate cells of the following table. (5 points) Closing Price Contract Value Gain/Loss Margin gin Call (Sounce) (s/contract)Balance(Scontract) (S/ounce) S1281.85 S1280.73 Date June 08 S128.185 $8,500 None Junc I1 June $1275.29 S1270.67 $1274.95 $1279.70 June 13 une June 15 4. The formula for calculating a relative strength index is given by RSI-100-100/(1 +RS), where RS stands for relative strength which is the ratio of average gain and (absolute) average loss over the previous 14 days. The previous 14-day average gain and loss in a futures contract are calculated to be 20.25 and 18.75, respectively. Calculate the RSI for this futures contract. (5 points)