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ASSUME TODAY'S SETTLEMENT PRICE ON A CME CDN ($100,000 CANADIAN DOLLAR) FUTURES CONTRACT IS US$0.9309/CAD$. YOU HAVE A LONG POSITION IN ONE CONTRACT. YOUR MARGIN

ASSUME TODAY'S SETTLEMENT PRICE ON A CME CDN ($100,000 CANADIAN DOLLAR) FUTURES CONTRACT IS US$0.9309/CAD$. YOU HAVE A LONG POSITION IN ONE CONTRACT. YOUR MARGIN ACCOUNT CURRENTLY HAS A BALANCE OF US$1700. THE NEXT THREE DAYS' SETTLEMENT PRICES ARE:

Day 1 US$0.9386

Day 2 US$0.9393

Day 3 US$0.9403

CALCULATE THE DAILY CHANGES IN THE MARGIN ACCOUNT FROM DAILY MARKING-TO-MARKET AND THE BALANCE OF MARGIN ACCOUNT AFTER THE THIRD DAY.

1. CHANGE IN DAY1?

2. CHANGE IN DAY2?

3. CHANGE IN DAY3?

4. BALANCE ON DAY 3?

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