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1. Monday morning, you short (sell) an IMM an IMM Futures Contract at $0.009433. The contract size is 12,500,000, initial margin is $3,645, and maintenance
1. Monday morning, you short (sell) an IMM an IMM Futures Contract at $0.009433. The contract size is \12,500,000, initial margin is $3,645, and maintenance margin is $2,700. You plan to close your short position on Friday. Show the entire settlement process (marking to market) below and net accumulated gain (loss). Margin Acct Balance Begin Close Value Gain (Loss) Margin Call 3645.00 ER (Close) 0.009433 Mon 0.009542 Tues 0.009581 Wed 0.009375 Thur 0.009369 0.009394 Round Trip Commission Net Accumulated Gain (Loss) Fri -30.00
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