Question: Please help me and show work how you got answer!! Problem 3 You are short 75 corn futures contracts, established at an initial settle price

 Please help me and show work how you got answer!! Problem

Please help me and show work how you got answer!!

Problem 3 You are short 75 corn futures contracts, established at an initial settle price of $4.196 per bushel, where each contract represents 5,000 bushels. Your initial margin to establish the position is $1,050 per contract, and the maintenance margin is $850 per contract. Over the subsequent four trading days, corn settles at $4.183, $4.213, $4.236, and $4.318, respectively. Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit or loss at the end of the trading period. Assume that a margin call requires you to fund your account back to the initial margin requirement. $ Number of contracts Initial price bushels/contract Initial margin Maintenance margin Day 1 price Day 2 price Day 3 price Day 4 price 75 4.196 5,000 1,050 850 4.183 4.213 4.236 $ $ $ 4.318 Problem 3 You are short 75 corn futures contracts, established at an initial settle price of $4.196 per bushel, where each contract represents 5,000 bushels. Your initial margin to establish the position is $1,050 per contract, and the maintenance margin is $850 per contract. Over the subsequent four trading days, corn settles at $4.183, $4.213, $4.236, and $4.318, respectively. Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit or loss at the end of the trading period. Assume that a margin call requires you to fund your account back to the initial margin requirement. $ Number of contracts Initial price bushels/contract Initial margin Maintenance margin Day 1 price Day 2 price Day 3 price Day 4 price 75 4.196 5,000 1,050 850 4.183 4.213 4.236 $ $ $ 4.318

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