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1. This is a 10-point homework problem. You should upload an Excel spreadsheet. A trader takes a short position of 5 contracts in the S\&P 500 futures market. The multiplier for the contract is $250 and the initial price is 3,490 . The initial margin is 10% of the notional value, and the maintenance margin is 80% of the initial margin. The margin account pays a 4% continuously compounded rate of interest. The table below gives the daily price level for the contract for 6 trading days. What is the initial margin and the maintenance margin? Calculate the daily balance of the trader's margin account. On your spreadsheet, please clearly highlight the eight answers. 1. This is a 10-point homework problem. You should upload an Excel spreadsheet. A trader takes a short position of 5 contracts in the S\&P 500 futures market. The multiplier for the contract is $250 and the initial price is 3,490 . The initial margin is 10% of the notional value, and the maintenance margin is 80% of the initial margin. The margin account pays a 4% continuously compounded rate of interest. The table below gives the daily price level for the contract for 6 trading days. What is the initial margin and the maintenance margin? Calculate the daily balance of the trader's margin account. On your spreadsheet, please clearly highlight the eight answers

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