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(Currency Futures) On Monday morning, an investor takes a long position in a sterling pound futures contract that matures on Wednesday afternoon. The initial margin

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(Currency Futures) On Monday morning, an investor takes a long position in a sterling pound futures contract that matures on Wednesday afternoon. The initial margin bond is $3,250 and the maintenance margin requirement is $2,750. Whenever the account balance falls below the maintenance margin requirement, the broker will issue margin call. The agreed on price is $1.95 per for contract size of 62,500. At the close of trading on Monday, the futures price has risen to 51.96. At Tuesday close, the price drops to $1.94. At Wednesday close, the price falls to $1.955, and the contract matures. The investor takes physical delivery of the pounds at the prevailing price of $1.955. Please answer the following questions. a) Please fill out the detail daily settlement process in the corresponding blank

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