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8. (5 pts.) Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is S0.8011/100. Your margin account currently has a balance of

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8. (5 pts.) Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is S0.8011/100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/4100, S0.7996/ 100, and $O.7985/ 100. (The contractual size of one CME yen contract is 12,500,000). Ifyou have a long position in one futures contract, the changes in the margin account from daily marking-to-market, will result in the balance of the margin account after the third day to be

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