Question: Question Completion Status: QUESTION 1 The next 3 questions are based on the following: Consider a hypothetical futures contract (generic contract) in which the current

on the following: Consider a hypothetical futures contract (generic contract) in which

Question Completion Status: QUESTION 1 The next 3 questions are based on the following: Consider a hypothetical futures contract (generic contract) in which the current price is $212. The initial margin requirement is $10, and the maintenance margin requirement is 56. (Those are per contract numbers). You enter the futures contract as the buyer (long position) for 10 contracts and meet all margin calls but do not withdraw any excess margin. The table below shows the prices of the futures contract at the end of the next 6 days 0 1 2 3 4 5 6 212 210 213 208 209 203 201 MacBook Pro QUESTION 2 How many margin calls the investor will receive? 3 2

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