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1 ) Five days before the delivery date, you buy 1 contract of Euro futures ( 1 2 5 , 0 0 0 ) at

1) Five days before the delivery date, you buy 1 contract of Euro futures (125,000) at the closing price $1.131/. The future contracts has the following performance bond requirements:
a) Initial: $4200
b) Maintenance level: $2800
Fill in the blanks in the following table:
Day SettlePrice Value of EUR in USD Daily Gain or Loss Performance Bond Account Bal. Performance Bond Acct. Bal. (post-margin call, leave it blank if no margin call) Margin Call?
11.131 $141,3750 $4200 No
21.139
31.129
41.119
51.132

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