An US agent will receive 1 millions Tt in 6 month time and wants to convert them in S. This agent hedges his position against alverte evolution of 5/11 by entering into December S/TL Future contract at price 740 10% of initial morgin is required and 70% of maintenance margin. a) Determine the initial and maintenance margin amounts. b) Determine the paid receive amounts through the daily settlement given the following observed settlement Fx future price Futuro price Timo 1 2 3 4 5 6 7 7.4 7.65 7.95 7.5 735 7.15 7 7.25