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Consider a 125,000 euro futures contract in which the current future price is $1.203 per euro. The initial margin requirement is $2,420 per contract, and

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Consider a 125,000 euro futures contract in which the current future price is $1.203 per euro. The initial margin requirement is $2,420 per contract, and the maintenance margin requirement is $2,200 per contract. You go short 10 contracts and meet all margin calls but do not withdraw any excess margin. Assume that on the first day, the contract is established at the settlement price, so there is no mark-to-market gain or loss on that day. Complete the table below. You can copy and paste the table into your answer window or alternatively write A=... B=.... Day Beg. Settle Gain/ Ending Required Deposit Daily Change Balance Price Loss Balance 0 (Purchase) $24,200 $1.203 $24,200 1 0 24,200 $1.204 A B 2 D E $1.206 F G H 3 $1.205 K

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