Question
Suppose that you bought eight Euro currency futures contracts (i.e., a total of one million Euros) with an initial margin of $2,835 per contract. You
Suppose that you bought eight Euro currency futures contracts (i.e., a total of one million Euros) with an initial margin of $2,835 per contract. You buy the contracts at $1,3468/Euro and after a few days of trading, the contract ends at a price of $1.3534/Euro. The following sequence gives the ending prices each day: $1.3465, $1.3443, $1.3434, and $1.3534. calculate what would be the margin account value sequence?
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Fundamentals of Investments Valuation and Management
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