Question
A company takes the long position in a futures contract for British Pounds. The settlement price at the time of entering the contract was 1.5885
A company takes the long position in a futures contract for British Pounds. The settlement price at the time of entering the contract was 1.5885 [USD/GBP] and the contract calls for the delivery of 62,500 [GBP]. The initial and maintenance margin are the same, $3,600. The table presents the evolution of the settlement price sampled every week. Show the evolution of the margin account and the gains or losses of the contract.
Week
Settlement
1
1.5942
2
1.5888
3
1.5886
4
1.5977
PLEASE PROVIDE A Table showing the evolution of the margin account, the gains and losses for every week, etc..
Also, the final gains or losses for the contract WITH WORK SHOWN
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