Assume you have purchased one June Euro futures contract on January 7, 2019 at the price of $1.3623. The contract size is E125,000 with the initial margin of $2430.00.

A. Was your position on the futures a short or long position?

B. Explain how the CME group marked to market your position (your margin account) if the settlement price of the futures contract was $1.3598 on that day. Then what was your ending margin account?

C. Suppose you held this futures position until the expiration date (June 21,2019) and the final settlement price was $1.3566. Calculate your total gain/loss in dollars.