1.- How much profit or loss would you make from the long position at the end of Monday?

2.- Will you have a margin call to deposit more money into your margin account at the end of Monday? If yes, how much?

3.- What is the balance of your margin account at the end of Wednesday? Assume you did not withdraw any money from the account.

On Monday morning, you long one yen futures contract containing *12,500,000 at a price of $0.009333. Suppose the broker requires an initial margin of $3,000 and a maintenance margin of $2,000. The settlement prices for Monday through Wednesday are $0.009242, $0.009221, and $0.009451, respectively. Assume that you begin with an initial margin of $3,000. Ignore commission