2. [3 points] Assume the initial margin on crude oil is $4,980 per contact and...
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2. [3 points] Assume the initial margin on crude oil is $4,980 per contact and the maintenance margin is $4,525 per contract. Adam entered into a short futures position on crude oil in the April 2021 contract. Each contract is for 1,000 barrels. Determine at what price Adam will experience a margin call? The current price is $55.81 per barrel. Adam has 7 contracts. 3. [1 point] Each Copper contract is for 25,000 pounds. Kylie enters into a long position in a March Copper futures contract on November 27" when the price is $3.4180. If the price on February 2" is $3.5240, what is her total gain/loss on 4 contracts
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