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. (5 pts) Consider a 125,000 euro futures contract in which the current future price is $1.178 per euro. The initial margin requirement is $2,530
. (5 pts) Consider a 125,000 euro futures contract in which the current future price is $1.178 per euro. The initial margin requirement is $2,530 per contract, and the maintainance margin requirement is $2,300 per contract. You go long 10 contracts and meet all margin calls but do not withdraw any excess margin. Assume that on the first day, the contract is established at the settlement price, so there is no mark-to-market gain or loss on that day.
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