Question: Question help! Financial derivatives 4. [5 points] Recently, Jonathan bought four March 2022 Lumber futures contracts. Each lumber futures contract is for 110,000 board feet.

Question help! Financial derivatives

4. [5 points] Recently, Jonathan bought four March 2022 Lumber futures contracts. Each lumber futures contract is for 110,000 board feet. Each contract requires an initial margin of $5,400 per contract and a maintenance margin of $4,950 per contract. Prices are in US dollars per 1,000 board feet. Complete the following chart and the questions below: Day Price Settle Price Day Gain Cumulative Gain Margin Balance Margin Call 1 1069.3 2 1063.2 3 1081.7 4 1101.6 5 1072.1 6 1026.8 7 985.7 8 1013.8 9 1044.6 10 1089.9 11 1134.5 12 1163.3 13 1142.0 14 1142.7 15 1114.6 16 1144.1 17 1174.2 a. What is the amount of the initial margin for the position? b. What is the amount of the maintenance margin level for the position

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