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What will result in the balance of the margin account

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Reference no: EM132661195

Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/¥100. Your margin account currently has a balance of $2,000/ 1 contract (and the maintenance margin is $800/ 1 contract). The next 7 days' settlement prices are $0.8057/¥100, $0.7996/¥100, $0.7985/¥100, $0.7585/¥100, $0.7085/¥100, $0.8285/¥100, and $0.8595/¥100. (The contractual size of one CME Yen contract is ¥12,500,000).

Problem 1: If you have a long position in two futures contracts, the changes in the margin account from daily marking-to-market, what will result in the balance of the margin account after the 7th day be?

Reference no: EM132661195

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