Question: Explain please 10. Note the following contract specifications: QUOTE INITIAL MAINT CONTRACT UNIT TIC SIZE MOS. UNITS MGN MGN Wheat 5,000 bu c/bushel Mar, May,

Explain please

Explain please 10. Note the following contract specifications: QUOTE INITIAL MAINT CONTRACT

10. Note the following contract specifications: QUOTE INITIAL MAINT CONTRACT UNIT TIC SIZE MOS. UNITS MGN MGN Wheat 5,000 bu c/bushel Mar, May, Jul, $0.01 $1, 250 Sep, Dec $1,375 Gold $0. 10 Feb-Apr, Jun, 1,000 troy oz $1.00/troy oz $5,500 $5,000 Aug, Dec Cocoa 10 m tons $ / ton $1.00 Mar, May, Jul, $2,090 $1,900 Sep, Dec Assuming the initial equity and contract positions from the previous problem, what would the account value be if EACH position DECLINED 2.5% (round price to the nearest tic)

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