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On November 1 5 , you sold ten futures contracts for 1 0 0 , 0 0 0 cad each at a rate of USD

On November 15, you sold ten futures contracts for 100,000 cad each at a rate of
USD/CAD 0.75. The subsequent settlement prices are shown in the table below.
November 1617181920232425
Future
Rate
0.740.730.740.760.770.780.790.81
a. What are the daily cash flows from marking to market?
b. What is the total cash flow from marking to market (ignoring discounting)?
c. If you deposit USD 75,000 into your margin account, and your broker
requires USD 50,000 as maintenance margin, when will you receive a
margin call and how much will you have to deposit?

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