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What will be the gain or loss each of the four months

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Question - Joan Tam is considering a second future's trade, specifically on coffee. The future's price is .56 per pound. Each future's contract for coffee is based on 37,000 pounds of coffee. Joan will buy two contracts that will expire in April. Based on the size of her position, Joan will be required to post an initial margin of $5,000 with a maintenance margin of $2,500. If the coffee future's price drops to .55 per pound in Jan, then increases to .57 in February, .58 in March, and to .59 at expiration, what will be the gain or loss each of the four months from January through April? What will be the cumulative balance of Joan's margin account at expiration?

Reference no: EM133075260

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