Calculate the weekly values in your margin account

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Suppose that you are a speculator who trades three- month Eurodollar futures. On November 5, you sell two December three- month Eurodollar futures contracts at 96.81. The subsequent weekly quotes for the closing December Eurodollar futures price are as follows:

Date: 11/ 12 11/ 19 11/ 26 12/ 3

Price: 96.92 97.08 96.77 96.63

Calculate the weekly values in your margin account. The initial margin is $ 650 per contract and the maintenance margin is $ 400. Calculate your realized return for the entire period. Assume that you offset your futures position on December 3 at the price indicated.

Reference no: EM13884472

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