Question: Question 20: You have a long position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2

Question 20: Question 20: You have a long position in one corn futures contract.

Each futures contract calls for the delivery of 5,000 bushels of No.

You have a long position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2 corn. The initial margin was \$ \\$ 2,500 \$ and the maintenance margin is \$ \\$ 1,250 \$. At the close of trading yesterday, the futures price was \$ \\$ 5.23 \$ per bushel and the balance in your margin account was \$ \\$ 3,250 \$. Today, the settlement price for corn futures is \$ \\$ 4.78 \$. What is the profit at the end of the day (contract value today-contract value yesterday)? . (Use all decimals in your calculations and include your answer as a positive or negative integer. Do not include symbols or comma separators eg. Assume the correct answer is \\$289.54632, so input your answer as 290) You have a long position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2 corn. The initial margin was \$ \\$ 2,500 \$ and the maintenance margin is \$ \\$ 1,250 \$. At the close of trading yesterday, the futures price was \$ \\$ 5.23 \$ per bushel and the balance in your margin account was \$ \\$ 3,250 \$. Today, the settlement price for corn futures is \$ \\$ 4.78 \$. What is the temporary balance before any call to deposit in the margin account? (Use all decimals in your calculations and include your answer as an integer. Do not include symbols or comma separators eg. Assume the correct answer is \\$289.54632, so input your answer as 290) You have a long position in one corn futures contract. Each futures contract calls for the delivery of 5,000 bushels of No. 2 corn. The initial margin was \$ \\$ 2,500 \$ and the maintenance margin is \$ \\$ 1,250 \$. At the close of trading yesterday, the futures price was \$ \\$ 5.23 \$ per bushel and the balance in your margin account was \$ \\$ 3,250 \$. Today, the settlement price for corn futures is \$ \\$ 4.78 \$. Is it necessary a deposit in the margin account? and if that is the case what is the value of the deposit? (Use all decimals in your calculations and include your answer as an integer. Do not include symbols or comma separators eg. Assume the correct answer is \$ \\$ 289.54632 \$, so input your answer as 290 )

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