You are an US importer and you are expected to make a payment of 1,035,000 in two months time for the invoice of some products which you bought today from an UK exporter. Assume maintenance margin is 75% of initial and assume that the initial margin per contract is $783(or its pounds equivalent. Calculate the number of the contract, the maintenance margin and future's margin account and the profit/loss on future and the change in your overall position over those 8 days.

\fData Collection Over 8 Days Future Date Settle Price ($/ ) Spot Date Spot Price ($/ ) 03.01 1.5405 03.11 1.5401 04.01 1.5378 04.11 1.5386 05.01 1.5242 05.11 1.5256 06.01 1.5070 06.11 1.5078 09.01 1.5123 09.11 1.5108 10.01 1.5109 10.11 1.5110 11.01 1.5210 11.11 1.5198 12.01 1.5202 12.11 1.5195 Interest Rate For One month (%)