Question: *** Please show your work to calculate margin values, other's have answered this question but the answers are incomplete/ incorrect. Consider a hypothetical futures contract

***Please show your work to calculate margin values, other's have answered this question but the answers are incomplete/ incorrect.

***Please show your work to calculate margin values, other's have answered this

Consider a hypothetical futures contract in which the current price is $212. The initial margin requirement is $10, and the maintenance requirement is $8. You go long 20 contracts and meet all margin calls but do not withdraw any excess margin. a. When should there be a margin call? b. Complete the table below and explain any funds deposited. Assume that the contract is purchased at the settlement price of that day so there is no mark- to-market profit or loss on the day of purchase Day Beginning Funds Futures Price Gain/Loss Ending d Price Change Balance Balance Deposite 0 1 2 3 4 212 211 214 209 210 204 202 c. How much are your total gains or losses by the end of Day 62

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