On January 31, a company takes a short position in June futures on 185,000 oz of silver at $17-7550/oz. The size of one contract is 5,000 oz. The initial margin is $15,960 per contract and the maintenance margin is $13,300 per contract. 1. How much money has to be deposited as the initial margin for the whole position? 2. What is the smallest price change that would lead to a margin call? 3. What should be the closing price of June silver futures on January 31, for the exchange to withdraw $48,433.00 from the margin account in the process of daily settlement? 4. What should be the closing price of June silver futures on January 31, for the exchange to deposit $90,483.50 to the margin account in the process of daily settlement? 5. What amount (if any) would be required to be deposited by the company to the margin account if the closing price of June silver futures on January 31 were $18.4147/oz?

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.