Question: You post the required initial margin of $2364 per contract and buy 3 wheat futures contracts for 5,000 bushels of wheat each at a futures

You post the required initial margin of $2364 per contract and buy 3 wheat futures contracts for 5,000 bushels of wheat each at a futures price of $7.237 per bushel. At the close of the trading day, the futures price is $7.283. What is your account balance at the close of the day? Assume no margin calls.

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