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Please provide an explanation, thank you :) You are trading Swiss Franc futures and are using a margin account. The initial margin for one contract

Please provide an explanation, thank you :)

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You are trading Swiss Franc futures and are using a margin account. The initial margin for one contract is 3,190 dollars and the maintenance margin is 2,900 dollars. Each contract is for 125,000 Swiss Francs and the quote is in Dollars/Swiss Franc. You go long 42 contracts at a price of 1.0350. How much margin do you post? You hold your position for two months and allow it to go into delivery. The final settlement price is 1.0650. How much money did you make or lose in your margin account? Be exact and use a positive number for a profit and negative for a loss. Given you let your position go into delivery circle whether you receive or deliver each currency. How much of each currency do you receive or deliver? Enter "Receive" or "Deliver" into the middle column and the amount of the currency into the right column. Currency Deliver/Receive Amount Swiss Franc US Dollar Were there any margin calls while you held your position? Briefly explain. You are trading Swiss Franc futures and are using a margin account. The initial margin for one contract is 3,190 dollars and the maintenance margin is 2,900 dollars. Each contract is for 125,000 Swiss Francs and the quote is in Dollars/Swiss Franc. You go long 42 contracts at a price of 1.0350. How much margin do you post? You hold your position for two months and allow it to go into delivery. The final settlement price is 1.0650. How much money did you make or lose in your margin account? Be exact and use a positive number for a profit and negative for a loss. Given you let your position go into delivery circle whether you receive or deliver each currency. How much of each currency do you receive or deliver? Enter "Receive" or "Deliver" into the middle column and the amount of the currency into the right column. Currency Deliver/Receive Amount Swiss Franc US Dollar Were there any margin calls while you held your position? Briefly explain

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