Make a table to show your margin account

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Reference no: EM132031488

You just took a long position in 5 futures contracts for crude oil, at day 1 settlement price of $52 per barrel.

Each contract is for 1,000 barrels. The initial margin is $11,000 per contract, and the maintenance margin is $7,000 per contract.

The settlement price on days 2 through 8 are: $55, $50, $42, $34, $40, $43, $49.

You then decide the close the trade on day 9, at a price of $53.50. Make a table to show your margin account.

Reference no: EM132031488

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