In Chicago, the size of a yen futures contract is 12 5 million yen The initial margin is $2,025, and the maintenance margin is $1,500 You decide to buy 10 contracts, with maturity in June, at the current market futures price of $0 0105(3 per The contract expires on the second to last business day b...

Following are the results for 10 contracts in dollars April 1 April 2 April 3 April 4 June 16 June 1 ...

In Chicago, the size of a yen futures contract is 12.5 million yen. The initial margin is

Question:

In Chicago, the size of a yen futures contract is 12.5 million yen. The initial margin is $2,025, and the maintenance margin is $1,500. You decide to buy 10 contracts, with in June, at the current market futures price of $0.0105(3 per ¥. The contract expires on the second-to-last business day before the third Wednesday of the deliver) month (expiration date: June 17). Today is April 1. and the spot is $0.01041 per ¥. Indicate the cash flows on your position if the following prices are subsequently observed. (Assume that spot and futures prices stay equal to the previous quotes on the dates that are not indicated in the following table.)

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...