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Part I 1. On Monday morning, your short one CME yen futures contract (i.e., you sell JPY) containing JPY 12,500,000 at a price of $0.009433.

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Part I 1. On Monday morning, your short one CME yen futures contract (i.e., you sell JPY) containing JPY 12,500,000 at a price of $0.009433. Suppose the broker requires an initial margin of $4,000 and a maintenance margin of $3,400. The settlement prices for Monday through Friday are 0.009542, s0.009581, $o.009375,$0.009639, and $0.009394, respectively. Assume that you begin with an initial balance of $4,590. Fill out the following tables. Make sure you show your calculation. (To get exact answers, show 6 digits after the decimal point. If your calculation can't show 6 digits after the decimal point, use excel spread sheet for the calculation) Monday Monday Morning Wednesday Thusday Friday Close Close Close Close Close Future price $0.009433 $0.009542 $0.009581 $0.009375 $0.009369 $0.009394 Daily gain/Loss Remaining Balance Variation Margin Balance

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