Question 3 Assume a Turkish firm has to pay 200 000$ in 3 month. In order to hedge the risk related to the currency exchange the firm used a currency future contract at 7.75. The Turkish simple IR is 12%. Each contract size is 1000$. The initial margin is 10% of the position value and the maintenance margin is 75%. a) Determine the initial margin and the maintenance margin. b) Given the following weekly settlement future currency prices, det ermine the dy- namic of the margin balance. Question 3 Assume a Turkish firm has to pay 200 000$ in 3 month. In order to hedge the risk related to the currency exchange the firm used a currency future contract at 7.75. The Turkish simple IR is 12%. Each contract size is 1000$. The initial margin is 10% of the position value and the maintenance margin is 75%. a) Determine the initial margin and the maintenance margin. b) Given the following weekly settlement future currency prices, det ermine the dy- namic of the margin balance