Consider a $125,000$ euro futures contract in which the current future price is $$1\mathrm{.}078$ per euro. The current initial margin requirement is $$2,365$ per contract, and the maintenance margin requirement is $$2,150$ per contract. You go short $10$ contracts and meet all margin calls but do not withdraw any excess margin. Assume that on the first day, the contract is established at the settlement price, so there is no mark$-$to$-$market gain or loss on that day.

Complete the table below.

Day

Required Deposit

Beg.

Balance

Settle

Price

Daily Change

Gain$/$

Loss

Ending

Balance

$0($Purchase$)$

$$1\mathrm{.}078$

$-$

$-$

$1$

$$1\mathrm{.}077$

$2$

$$1\mathrm{.}068$

$3$

$$1\mathrm{.}080$

$4$

$$1\mathrm{.}081$