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Answer the following question: Suppose that on day 1, a Japanese Yen future contract is purchased at the 118 per S (opening price). Contract is

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Answer the following question: Suppose that on day 1, a Japanese Yen future contract is purchased at the 118 per S (opening price). Contract is for $ 1,500. Initial margin level is 16,000, and maintenance level is 10.500. Forming a table show daily marking to market adjustments for this future contract using the given opening or settle prices ASSUMPTION: As margin account reaches above the initial margin level, withdraw the amount above the initial margin level) Day 1 Open 1 Settle 2 Settle 3 Settle 4 Settle Opening or Settle Price 118/S 122/S 128/8 119/5 113/S

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