Question: Question 22 (1 point) When opening a new position on futures contract, a broker requires initial margin of $50. The broker requires an investor to

Question 22 (1 point) When opening a new position on futures contract, a broker requires initial margin of $50. The broker requires an investor to replenish his margin account when the balance falls below the maintenance margin of $20. What is the margin account balance of long trader at t=3 ? Futures prices each day are given below. Assume that they opened one contract, and the contract size is one hushel a) $30 b) $0 c) $50 d) $70

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