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Mark to market a long Eurodollar futures position with June delivery at 94.75 if daily IMM Index settlement prices are: Day 1: 95.00 Day 2:

Mark to market a longEurodollar futures position with June delivery at 94.75 if daily IMM Index settlement prices are:

Day 1: 95.00

Day 2: 94.45

Day 1: 94.30

Day 1: 94.55

List the margin account balances at the end of each trading day and specify (i) whether an additional margin is required on any given day and, (ii) if a margin call is issued, how much must be deposited to your margin account. Assume that the initial margin is $3,000; the maintenance margin is $2,000, and the tick value is 1 b.p. = $25.

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