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Question 5 O out of 6.667 points Use the following information to answer the next two questions: The pound-dollar exchange rate is $1.355/BP on 9/30, but you believe the pound will appreciate relative to the dollar over the next few days. On 9/30, you decide to open position consisting of five futures contracts to trade based on your belief. Futures contracts on the pound have 90,000 pounds attached. The futures price 9/30 is $1.355. Your broker requires an initial margin of $13,000 per contract and a maintenance margin of $9,000 per contract. Find your ending margin account balance day after you open your position (10/1) if the futures price is $1.395 on that day. Assume any deficits are eliminated to keep the account open and any excess funds remain in the account. Selected Answer: 47,000 Answers: 47,000 67,600 83,000 62,400 Question 6 6.667 out of 6.667 points Assume that you kept your account open from the previous question. The futures price on 10/2 is $1.405 per pound. What would be your ending margin balance on 10/2? Assume any deficits are eliminated to keep the account open and any excess funds remain in the account. Selected Answer: 87,500 Answers: 87,500 65,000 51,500 68,250