1. The Swiss franc (SF) futures contract has the following specifications Contract Size -SF125,000 Initial Margin - $3,600 Maintenance Margin $2,700 (a) (5 points) For each trading day in the table below calculate: (1) daily settlement, (2) margin account balance, and (3) variation margin for a single contract. Do this for both a long position and a short position. Do not withdraw excess funds from the margin account Day SF Futures Daily Margin Acct Variation Daily Margin Acct Variation Price Settlement Balance (Long) MarginSettlement Balance (Long) Margin (Short) (Short) (Long) (Short) Monday $0.9692 Monday $0.9612 Tuesday$0.9724 Wednesday $0.9804 Thursday$0.9732 Open Close Close Close Close (b) (5 points) What is the gain/loss for the long and short positions