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An investor is purchasing a 10-day futures contract whose initial price is $850. The price of the contract changes daily following the path described in

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An investor is purchasing a 10-day futures contract whose initial price is $850. The price of the contract changes daily following the path described in the table below. Day Price Day Price 1 774.67 6 735.64 2 779.39 7 741.59 3 778.42 8 759.88 4 749.56 9 766.25 5 742.87 10 805.36 a A volume of 1500 futures contracts will be purchased. The clearing- house will require that a minimum margin of 15% of the current value of the futures contract be maintained until maturity. The margin will earn interest at the risk-free rate of 10% per annum compounded continuously. Create a table for the daily accounting of marking to market for this futures contract similar to Table 6.1. What is the profit on the futures contract to the investor? Conner purchased as

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