The following table shows the date, transaction price, market settle
price and the margin balance for a 5000 bushel CME corn contract.
Which of the following pair of values is associated with the variables
X1 and X2?
Transaction
Margin
Date
Action
Settle Price
Price
Balance
Sept 15
None
$5.50/bu 4000
Short 1
Sept 16
$5.40/bu
$5.30/bu
X1
contract.
Short 1
Sept 17
$5.35/bu $5.40/bu
X2
contract
X1 = 4500, X2 = 3750
X1 = 4500, X2 = 3250
X1 = 4250, X2 = 3750
None of the above.