1. If you bought a September '17 contract, one contract is for 5,000 bushels, and the price closes at $4.6595/bushel, what is your profit or loss?
2. Rob Thomas Traders opened an account to short-sell 1,000 shares of WeWork at $60. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of WeWork has risen from $60 to $76, and the stock has paid a dividend of $2.75 per share.
2a. What is the remaining margin in the account?
2b. If the maintenance margin requirement is 35%, will Rob Thomas Traders recieve a margin call?
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