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(d) Isaiah deposited RM4.500 as margin to buy three FCPO contracts at a price of RM2,000 per metric ton. At the end of the day,
(d) Isaiah deposited RM4.500 as margin to buy three FCPO contracts at a price of RM2,000 per metric ton. At the end of the day, the FCPO price settle at RM2,026. Isaiah decides to hold the position until Day 2. On Day 2, the FCPO price went up to RM2,038 and Isaiah decides to realise his profit by closing his position. i. Calculate the cash position of Day 1. (3 marks) ii. Compute Isaiah realised profit on Day 2
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