On Monday morning, your buy one CME British Pound futures contract (i.e., you buy BP) containing BP 62,500 at a price of $1.4118. Suppose the broker requires an initial margin of $1,925 and a maintenance margin of $1,750. The settlement prices for Monday through Friday are $1.4108, $1.4118, $1.4085, $1.4076, and $1.4072, respectively. Assume that you begin with an initial balance of $2,000 (not $1,925). Fill out the following tables. Make sure you show your calculation. (To get exact answers, show 4 digits after the decimal point. If your calculation cant show 4 digits after the decimal point, use excel spread sheet for the calculation) (9 points)

	Monday Morning	Monday Close	Tuesday Close	Wednesday Close	Thursday Close	Friday Close
Future price	$1.4118	$1.4108	$1.4118	$1.4085	$1.4076	$1.4072
Daily gain/Loss
Remaining Balance
Variation Margin
Balance