Question: An investor is purchasing a 10-day futures contract whose initial price is $850. The price of the contract changes daily following the path described

An investor is purchasing a 10-day futures contract whose initial priceis $850. The price of the contract changes daily foll 

An investor is purchasing a 10-day futures contract whose initial price is $850. The price of the contract changes daily following the path described in the table below. Day 1 2 3 4 5 Price Day Price 774.67 6 735.64 779.39 7 741.59 759.88 766.25 805.36 778.42 8 749.56 9 742.87 10 A volume of 1500 futures contracts will be purchased. The clearing- house will require that a minimum margin of 15% of the current value of the futures contract be maintained until maturity. The margin will earn interest at the risk-free rate of 10% per annum compounded continuously. Create a table for the daily accounting of marking to market for this futures contract similar to Table 6.1. What is the profit on the futures contract to the investor? Copper purchased as

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