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Ms Gan Lin is an intermediate speculator and she decided to buy seven (7) lots of KLIBOR futures at a price of 96.22. This is

Ms Gan Lin is an intermediate speculator and she decided to buy seven (7) lots of KLIBOR futures at a price of 96.22. This is due to her expectation that the price will increase in the near future, thus interest rates will also rise. She is required to pay an initial margin of RM1,200 per contract with maintenance margin of RM900 per contract. Construct her marked-to-market position based on the following prices. Day Settlement Price 1 97.23 2 97.50 3 96.90 4 96.10 5 97.50 

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