Homework #1 35 Points Available You will be required to enter your answers through a Canvas Quiz L trader's total gain or loss if the wheat price at contract expiration is (a) $7.19 per bushel; (b) $7.43 per bushel? To find the answers you multiply the gain or loss under the (2) and (b) scenarios times 3,000 bushel. (10 Points) Explain how margin accounts protect investors against the possibility of default by the party on the other side of the futures contract. (3 Points) A trader goes long on a July futures contract on orange juice. The contract is for the delivery of 15,000 pounds. The current futures price iz $2.04 per pound (when the contract was bought), the initial margin is $6,000 per contract, and the maintenance margin is $4,500 per contract. What price change would lead to a margin call for the trader? (10 Point Given the information below for 1 long soybean contract, fill in the missing pieces of infermation (parts (a) through (j1L]. Note thatlosses are represented in parentheses. For the column "Margin Account Balance After Margin Call\