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ASSUME TODAY'S SETTLEMENT PRICE ON A CME CON ($100,000 CANADIAN DOLLAR) FUTURES CONTRACT IS US$0.9400/CADS. YOU HAVE A SHORT POSITION IN ONE CONTRACT. YOUR MARGIN

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ASSUME TODAY'S SETTLEMENT PRICE ON A CME CON ($100,000 CANADIAN DOLLAR) FUTURES CONTRACT IS US$0.9400/CADS. YOU HAVE A SHORT POSITION IN ONE CONTRACT. YOUR MARGIN ACCOUNT CURRENTLY HAS A BALANCE OF US$1700. THE NEXT THREE DAYS' SETTLEMENT PRICES ARE: US$0.9386 USSO 9393 US$0.9309 CALCULATE THE CHANGES IN THE MARGIN ACCOUNT FROM DAILY MARKING-TO-MARKET AND THE BALANCE OF MARGIN ACCOUNT AFTER THE THIRD DAY CHANGE IN DAY1? CHANGE IN DAY2? CHANGE IN DAY3? BALANCE ON DAY 37

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