Question $6(22$ pts$)$: Margin Account

$$ Assume you sell one July $23$ KC HRW contract today at $$5\mathrm{.}2875$; its initial is $$2,310$ with a maintenance of $$2,100.$

o Today $$ July KC HRW settles at $528\text{'}6.$

What do you deposit in the margin account? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

o Session $2$ July KC HRW settles at $530\text{'}2$

What is the gain or loss from session $2?\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What is the balance? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Is there a margin call? If so$,$ what is it$?\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

o Session $3$ July KC HRW settles at $526\text{'}6$

What is the gain or loss from session $3?\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What is the balance? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Is there a margin call? If so$,$ what is it$?\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

o Session $4$ Offset July KC HRW at $536\text{'}4$

What is the gain or loss from session $4?\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What is the balance? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Is there a margin call? If so$,$ what is it$?\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

o Session $5$ Offset July KC HRW at $540\text{'}2$

Calculate the profit or loss on the trade. $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$