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Question 7 (2 points) Consider a 125,000 euro futures contract in which the current future price is $1.078 per euro. The current initial margin requirement
Question 7 (2 points) Consider a 125,000 euro futures contract in which the current future price is $1.078 per euro. The current initial margin requirement is $2,365 per contract, and the maintenance margin requirement is $2,150 per contract. You go long 10 contract and meet all margin calls but do not withdraw any excess margin. Assume that on the first day, the contract is established at the settlement price, so there is no mark-to- market gain or loss on that day. Complete the table below. In your answer, write A=$..., B=... or alternatively, paste the complete table in your answer. Day Required Deposit $23.650 Beg Balance Settle Price Daily Change Gain Loss Ending Balance 0 (Purchase) $1.078 $23,650 A B $1.077 D E 2 F G $1.075 H I J 3 K L $1.076 M N o Format BI U ... > Ea
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