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. You have purchased one futures contract on the Canadian dollar at a price of 0.7082 at the close of business today (day 1). The

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. You have purchased one futures contract on the Canadian dollar at a price of 0.7082 at the close of business today (day 1). The initial and maintenance margins are $1600 and $1200 per contract, respectively. The notional amount = C$100,000 and one tick = $0.0001/C$. Over the course of the next 5 days, the closing prices are: Close 0.7182 Day 1 (today) 0.7164 0.7143 4 0.7159 0.7162 5 6. 0.7185 What is your closing account balance each day? What is your overall profit/loss? . You have purchased one futures contract on the Canadian dollar at a price of 0.7082 at the close of business today (day 1). The initial and maintenance margins are $1600 and $1200 per contract, respectively. The notional amount = C$100,000 and one tick = $0.0001/C$. Over the course of the next 5 days, the closing prices are: Close 0.7182 Day 1 (today) 0.7164 0.7143 4 0.7159 0.7162 5 6. 0.7185 What is your closing account balance each day? What is your overall profit/loss

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