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This morning ( Day 0 ) you take a short position in a pound futures contract that matures in 3 days ( Day 3 )
This morning Day you take a short position in a pound futures contract that matures in days Day The future price is $ today. The contract size is and its initial performance bond and maintenance bond are $ and $ respectively.
a Assuming that the daily settlement prices are indicated below, how would the daily change in settlement future prices affect your account? Show the daily gainloss and account balance.
tableDaySettlement,GainLossAccount BalanceTotal,,
b During this period, did you receive a margin call? If you did, on what day?
c At the end of Day how much in total did you makelose on this futures contract?
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