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Three days ago, you entered into a futures contract to sell euro 125,000 at $1.40 per euro. Over the past three days the contract has

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Three days ago, you entered into a futures contract to sell euro 125,000 at $1.40 per euro. Over the past three days the contract has settled at $1.32, $1.28, and $1.26. You start with $3,000. How much have you made or lost in $ every day (day 1, 2, 3)? What is your balance at the end of each day? What is your total profit or loss in $ for the 3-day period? If you start with $3,000 and if your maintenance margin is $1,000, would you receive a margin call during this period? Let's assume that, at the end of the third day, you withdraw $15,000. Let's also assume that, the next day (at the end of the fourth day), the exchange rate is $1.30/euro. Will you receive a margin call? If you close your account after that, what will be your total profit/loss

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