Question: Question #38 (12 points). Matthew entered into a long position in Crude Oil (November 2020 contract). The maintenance margin is $4,000 per contract and the

 Question #38 (12 points). Matthew entered into a long position in
Crude Oil (November 2020 contract). The maintenance margin is $4,000 per contract

Question #38 (12 points). Matthew entered into a long position in Crude Oil (November 2020 contract). The maintenance margin is $4,000 per contract and the initial margin is $5,200 per contract. Each contract is for 1,000 barrels. Prices below are per barrel. If Matthew purchased 10 contracts: (a) what is the amount of his initial margin for his entire exposure/position? (b) what is the amount of his maintenance margin for his entire exposure/position? (c) complete the following table regarding his margin account balance for his entire exposure/position. (c) complete the following table regarding his margin account balance for his entire exposure/position. Day Trade Price Settle Daily Gain ($) Cum. Gain ($) Margin Balance ($) Margin Call ($) ($) Price ($) 1 $43.34 2 $41.85 3 $41.71 4 $40.15 5 $37.18 6 $38.41 7 $37.67 8 $37.67 $37.57 9 10 $38.56 11 $40.41 12 $41.24 13 $41.31 14 $39.551 15 $39.801

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