Question: Note the following contract specifications: CONTRACT UNIT QUOTE UNITS INITIAL MAINT TIC SIZE MOS. MGN MGN Mar, May, Jul, Wheat 5,000 bu c/bushel $0.01

Note the following contract specifications: CONTRACT UNIT QUOTE UNITS INITIAL MAINT TIC

Note the following contract specifications: CONTRACT UNIT QUOTE UNITS INITIAL MAINT TIC SIZE MOS. MGN MGN Mar, May, Jul, Wheat 5,000 bu c/bushel $0.01 $1,375 $1,250 Sep, Dec Feb-Apr, Jun, Gold 1,000 troy oz $1.00/troy oz $0.10 $5,500 $5,000 Aug, Dec Mar, May, Jul, 10 m tons $/ton $1.00 $2,090 Sep, Dec $1,900 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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