Click Submit to complete this assessment. Question 19 POX Petroleum (PDX-Petro) is an oil distributor. PDX-Petro plans to sell 100 barrels of oil and wishes to hedge against a possible decline in od prices. Each oraha 10 barrels. The current futures price is R50 per barrel, the initial margin is R20 per contract, and the maintenance margin is R15 per contract. Consider the follos der 1.1 Day Closing Price 1 49 2 51 3 60 Required: Fill in missing information Do not include symbols:R; S; %; t(tonnes); 1 (litres); m (millions) etc. However, If the answer is negative please include the negative sign e.g.-2 Decimals should be written as 6.25 not 6,25 Carry 2dp for all workings and final answer. PDX-Petro should sell contracts and deposit R initial margin. On the close of day one PDX-Petro makes a of R per barrel, and the balance on PDX-Petro's margin account will be R after day 2 close PDX-Petro makes a of R per barrel. The balance in the margin account will be R which is less than the maintenance margin of PDX-Petro will receive a margin call to top up the account by R Question 19 of 19 Click Submit to complete this assessment. ENG US 1:36 PM 2021/06/03 Click Submit to complete this assessment. Question 19 POX Petroleum (PDX-Petro) is an oil distributor. PDX-Petro plans to sell 100 barrels of oil and wishes to hedge against a possible decline in od prices. Each oraha 10 barrels. The current futures price is R50 per barrel, the initial margin is R20 per contract, and the maintenance margin is R15 per contract. Consider the follos der 1.1 Day Closing Price 1 49 2 51 3 60 Required: Fill in missing information Do not include symbols:R; S; %; t(tonnes); 1 (litres); m (millions) etc. However, If the answer is negative please include the negative sign e.g.-2 Decimals should be written as 6.25 not 6,25 Carry 2dp for all workings and final answer. PDX-Petro should sell contracts and deposit R initial margin. On the close of day one PDX-Petro makes a of R per barrel, and the balance on PDX-Petro's margin account will be R after day 2 close PDX-Petro makes a of R per barrel. The balance in the margin account will be R which is less than the maintenance margin of PDX-Petro will receive a margin call to top up the account by R Question 19 of 19 Click Submit to complete this assessment. ENG US 1:36 PM 2021/06/03