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Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8024/100. Your margin account currently has a balance of $2,000. The next
Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8024/100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8063/100,$0.7981/100, and $0.7988/100. (The contractual size of one CME Yen contract is 12,500,000 ). If you have a short position in one futures contract, the changes in the margin account from daily marking-to-market will result in the balance of the margin account after the third day to be... $2,525 $1,475 $2,450 $1,550
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