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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?
Please reply asap
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