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Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8850/100. Your margin account currently has a balance of $3,000. The next
Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8850/100. Your margin account currently has a balance of $3,000. The next three days' settlement prices are $0.8875/100, $0.8885/100, and $0.8910/100. (The contractual size of one CME Yen contract is 12,500,000). If you have a long 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 (in $)
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