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Suppose that the current price of USD/T.rate is 7.18 At Borsa istanbul there is USB futures contract with maturity June 30th, 2021. Suppose the discount

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Suppose that the current price of USD/T.rate is 7.18 At Borsa istanbul there is USB futures contract with maturity June 30th, 2021. Suppose the discount rate from today to une is 0.95. Suppose that the contract is traded at fair price. Each contractis for 1000 USD and needs 400 Th. initiat margin and 300 TL maintenance margin in the account. Suppose expecting USD rate will rise you bought 10 long contracts. Answer the following to 2 decimal digits.) What is the initial price of the future contract- USD/TRY What is the initial amount of margin account needed - of the USD rate falls to 7.17 next month and the discount factor becomes 0.96 what is your profitloss : TL (write negative number for loss) What is the remaining amount on margin account? Will there be a margin call (Yes/No)

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