helpQuestion $1$

Suppose that on march $1,$ a customer takes a long position in ten may$-$wheat futures contracts at the futures price for $Rm3\mathrm{.}60$ per bushel.One futures contract calls for thr delivery of $5,000$ bushel of

wheat.As such,the initial price is Rm $18,000$ per contract.Let the initial margin be Rm $878$ per contract and let the maintainance margin be Rm $650$per contract.since the position involves $10$ contarcts, the total intial maargin is Rm$8780$ and the maintenance margin is Rm $6500.$Given the daily settlement prices, fill in the marginrequirements table below for each

day.is there any margin call?

$\backslash$table$[[$day$,\backslash$table$[[$Initial$],[/$settlement$],[$price$($per$],[$bushel$)]],\backslash$table$[[$Initial$/$settlement$],[$price per$],[$contract$]],\backslash$table$[[$Change in$],[$price$($per$],[$contract$)]],\backslash$table$[[$Total gain$],[$or loss$($for$],[10],[$contracts$)]],\backslash$table$[[$Margin$],[$account$],[$balance$]],$Margin call$],[0,3\mathrm{.}60,,,-,-,-],[1,3\mathrm{.}58,,,,,$Yes$/$no$],[2,3\mathrm{.}56,,,,,$Yes$/$no$],[3,3\mathrm{.}53,,,,,$Yes$/$no$],[,,,,,,]]$