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Determine the net profit or loss from the futures contract

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Reference no: EM132791274

Question - An investor went short by selling two (2) contracts of Canadian dollars that has 100,000 units each contract. The opening price for December 7 was USD0.7300 and closed for the same day at USD0.7665. On December 10, the investor closed out the contract at USD0.7290. The closing price on December 8 and 9 are USD0.7282 and USD0.7300, respectively. Show the daily marked-to-market transactions on the trader's account and determine the net profit or loss from the futures contract.

Reference no: EM132791274

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