Incorrect Question 6 0/ 1 pts Please answer the next question based on the closing July futures contract prices for EUR for four consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. Suppose the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any. Date 3/01 3/02 3:03 3/04 $1.3579 51.3527 $1.3588 S1.3580 EUR Spot Price July EUR Futures $1.3750 $1.3782 $1.3827 $1.3713 Contract Price Assuming that you meet your margin calls, if you get any, please estimate how much money you will have in your margin account at the close of the trading day on 3/04: $1,075 $3.925 $5.850 $3.000 Incorrect Question 7 0/1 pts Please answer the next question based on the closing July futures contract prices for EUR for four consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. Suppose the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any. Date 3/01 3/02 3:03 3/04 $1.3579 S1.3527 $1.3588 1.3580 EUR Spot Price July EUR Futures $1.3750 S1.378 $1.3827 S1.3713 Contract Price On 3/02 you will a margin call and on 3/03 you will a margin call from the exchange get: get not get; get not get; not get get; not get Incorrect Question 6 0/ 1 pts Please answer the next question based on the closing July futures contract prices for EUR for four consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. Suppose the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any. Date 3/01 3/02 3:03 3/04 $1.3579 51.3527 $1.3588 S1.3580 EUR Spot Price July EUR Futures $1.3750 $1.3782 $1.3827 $1.3713 Contract Price Assuming that you meet your margin calls, if you get any, please estimate how much money you will have in your margin account at the close of the trading day on 3/04: $1,075 $3.925 $5.850 $3.000 Incorrect Question 7 0/1 pts Please answer the next question based on the closing July futures contract prices for EUR for four consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. Suppose the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any. Date 3/01 3/02 3:03 3/04 $1.3579 S1.3527 $1.3588 1.3580 EUR Spot Price July EUR Futures $1.3750 S1.378 $1.3827 S1.3713 Contract Price On 3/02 you will a margin call and on 3/03 you will a margin call from the exchange get: get not get; get not get; not get get; not get