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Assume a trader opens a new account on the futures exchange on January 18, and buys Catastrophe future at $16.50 on the exchange that has the following features: Payoff on the future contract: F(t, Tz)= $25,000 * (Le); Coverage: Oct 1 - Dec 31; Settlement: Mar 31 next year. The trader closes out the position on 29th January. Assume $270 = initial margin, and $200 maintenance margin a. mplete the following Table. Date Price Contract Value Change Daily in Price Gain/Loss Cumulative Account Gain/Loss Balance 4125 4125 $270 $270 0 0 0 + 18-Jan 19-Jan 20-Jan 21-Jan 22-Jan 25-Jan 26-Jan 27-Jan 28-Jan 29-Jan 16.5 16.5 15.5 16.5 16 16 15.8 15.9 16.1 16 + b. Is there a margin call on the account? If so, on what date? C. When the trader closes out his position, what is the net gain/loss to the trader? Assume a trader opens a new account on the futures exchange on January 18, and buys Catastrophe future at $16.50 on the exchange that has the following features: Payoff on the future contract: F(t, Tz)= $25,000 * (Le); Coverage: Oct 1 - Dec 31; Settlement: Mar 31 next year. The trader closes out the position on 29th January. Assume $270 = initial margin, and $200 maintenance margin a. mplete the following Table. Date Price Contract Value Change Daily in Price Gain/Loss Cumulative Account Gain/Loss Balance 4125 4125 $270 $270 0 0 0 + 18-Jan 19-Jan 20-Jan 21-Jan 22-Jan 25-Jan 26-Jan 27-Jan 28-Jan 29-Jan 16.5 16.5 15.5 16.5 16 16 15.8 15.9 16.1 16 + b. Is there a margin call on the account? If so, on what date? C. When the trader closes out his position, what is the net gain/loss to the trader

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