Question: JUST POST ANSWER DONT NEED STEPS (This will be faster and ill give thumbsup) You decide to go long 2 June Eurodollar futures contracts at

JUST POST ANSWER DONT NEED STEPS (This will be faster and ill give thumbsup)
You decide to go long 2 June Eurodollar futures contracts at a quoted futures price of 97.65. You must deposit $2,000 of initial margin per contract. The required minimum margin is $1,400 per contract. The following table gives a potential set of quoted futures prices over the next 3 days. If you do receive a margin call, assume that you add just enough cash to your margin account to bring it back up to the initial margin of $4,000. Will you receive a margin call and how much will you have to post to maintain your position? End of Day Quoted Futures Price Daily Gain or Loss Cumulative Gain or Loss Margin Account Balance Margin Call $97.65 $97.80 21 3 $97.40 $97.20 You will not get a margin call during the first 3 days. O You will get a margin call at the end of day 2 for $50 d You will get a margin call at the end of day 3 for $3,375 You will get a margin call at the end of day 2 for $2,750 You will get a margin call at the end of day 2 for $1,250
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