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Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/100. 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 $0.8011/100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/100, $0.7996/100, and $0.7997/100. 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 for the third account after the third day to be
a. $2125
b. $1875
c. 2175
d . none
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