Sammy buys 3 March 2023 corn contracts when the quote is 6726. His broker requires a 12% margin. He is trading on the CME futures exchange. One the first day after his purchase, the price of com drops to 6694. On the second day after his purchase the price of com drops to 653 . Will Sammy receive a margin call and if so, how much must he add to his account? A. NO, he does not receive a margin call, nothing need be added to his account B. YES, he receives a margin call, and $1,850 must be added to his account C. YES, he receives a margin call, and $2,225 must be added to his account D. YES, he receives a margin call, and $5,000 must be added to his account QUESTION 16 Sammy buys 3 March 2023 corn contracts when the quote is 6726 . His broker requires a 12% margin. He is trading on the CME futures exchange. One the first day after his purchase, the price of com drops to 6694. On the second day after his purchase the price of corn drops to 653 . On the third day after his purchase the price of com drops to 6372 Will Sammy receive a margin call and if so, how much hust he add to his account? A. NO, he does not receive a margin call, nothing need be added to his account B. YES, he receives a margin call, and $1,850 must be added to his account C. YES, he receives a margin call, and $2,225 must be added to his account D. YES, he receives a margin call, and $5,325 must be added to his account QUESTION 17 Sammy sells 4 April 2023 WTI crude oil futures contracts at a price of 74.15. What is the total value of this position? A. $186,275 B. $236,550 C. $296,600 D. $357,650