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D Question 26 Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days in December
D Question 26 Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days in December 20XX. You sold three GBP futures contract at the closing price on 12/01. Each GBP futures contract requires the delivery of GBP 150,000. Suppose, the initial and maintenance margin for each EUR futures contract are $2,000 and $1,500, respectively. Date 12/01 12/02 12/03 July GBP Futures Contract Price $1.7449 $1.7486 $1.7516 Assuming that you meet your margin calls, if you get any, please estimate how much money you will have in your margin account at the close of the trading day on 12/03: O $9,015 O $2,000 O $4,650 O $3,000 uestion 27 Question 25 3.33 pts Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days In December 20XX. You sold three GBP futures contract at the closing price on 12/01. Each GBP futures contract requires the delivery of GBP 150,000. Suppose, the Initial and maintenance margin for each EUR futures contract are $2,000 and $1,500, respectively. Date 12/01 12/02 12/03 July GBP Futures Contract Price $1.7449 $1.7476 $1.7516 The profit/loss posted to your account at the close of 12/03 is: O $1,800 0-$1.800 O $600 O-$600 Question 26 3.3
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