Please answer question 12

QUESTION 11 Use the following information to answer the next three questions. On Tuesday, an American firm decided to use 2 futures contracts to hedge a payment of pesos. Each futures contract has 500,000 pesos attached. The futures price was $. 1240/peso on the company opened its position. The initial and maintenance margins per contract are $1600 and $1200, respectively. The settlement prices over the next three days (Wednesday through Friday) were $. 1245, $.1238, and $. 1228, respectively. Find the company's beginning margin balance in USD) on Wednesday. O 2400 O 1600 O 3200 O 1200 QUESTION 12 Find the company's ending margin balance in USD) on Wednesday. Assume any deficit is eliminated to keep the account open and any excess remains in the account. O 2700 O 3700 O 1850 O 1350