A trader enters into a long position in one three-month euro futures contract with an exchange rate of 1.1/$ on June 1. The following shows the daily fluctuation in the futures rate from June 1 to June 10. 1.102 1.101 1.099 1.099 098 1.101.100 1.100 1.099 1.098 $ 1.097 1.096 1.095 1.897 Euro futures rate 1.096 1.895 1.994 1.094 e9 1.093 1.892 6/1 6/2 6/3 6/4 6/5 6/6 6/7 6/8 619 6/10 Date The following is the contract specifications for the euro futures. Contract unit 125000 euros Initial margin 2500 dollars Maintenance margin 2275 dollars Quarterly contracts (Mar, Jun Sep. Dec) listed for 20 consecutive Listed contracts quarters and serial contracts listed for 3 consecutive months If the trader deposits the required margin exactly for the position at the beginning. then the clearinghouse will issue The following is the contract specifications for the euro futures. Contract unit 125000 euros Initial margin 2500 dollars Maintenance margin 2275 dollars Quarterly contracts (Mar, Jun Sep, Dec) listed for 20 consecutive Listed contracts quarters and serial contracts listed for 3 consecutive months If the trader deposits the required margin exactly for the position at the beginning then the clearinghouse will issue O a margin call on 6/4 O a margin call on 6/2 O a margin call on 6/8 no margin call until 6/10