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i need help please Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/ 100. Your margin account currently has a
i need help please
Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/ 100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/ 100, $0.7996/ 100, and $0.7985/X100. (The contractual size of one CME Yen contract is 12,500,000). If you have a long position on Yen in one futures contract, the changes in the margin account from daily marking-to- market, will result in the balance of the margin account after the third day to be: $3,425 $2,000. $1,675. O $1.425 Step by Step Solution
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