Assume todays settlement price on a CME GBP futures contract is $1.4948/. You have a short position in one contract (with the standardized contract size of 62,500). Your initial performance bond account currently has a balance of $4,000 and the maintenance level is $2,500. The next three days settlement prices are $1.4908, $1.5088, and $1.5208.

Fill out the following table by calculating the changes in the performance bond account from daily marking-to-market and the balance of the performance bond account after the third day.

Day	Settlement price ($/)	Daily Gain/Loss ($)	Account balance ($)
0	1.4948	--	$4,000
1	1.4908
2	1.5088
3	1.5208

Daily account balance (please fill out ONLY the account balance, not daily profit/loss):

Day 1: $ Day 2:$ Day 3: \$ Total profit/loss: $ (Use negative sign in front of the number for loss) Are you going to have a margin call during the three-day trading period? Answer: (yeso). If your answer is yes, you will have a margin call on Day (insert 1,2, or 3). If you decide to stay in the market, you need to deposit in order to continue playing the game. Day 1: $ Day 2:$ Day 3: \$ Total profit/loss: $ (Use negative sign in front of the number for loss) Are you going to have a margin call during the three-day trading period? Answer: (yeso). If your answer is yes, you will have a margin call on Day (insert 1,2, or 3). If you decide to stay in the market, you need to deposit in order to continue playing the game