Question: Note: It has different numbers so please don't just copy answers if you want tumb's up. Thank you! Today's settlement price on a Chicago Mercantile

Note: It has different numbers so please don't just copy answers if you want tumb's up. Thank you!

Today's settlement price on a Chicago Mercantile Exchange (CME) Yen futures contract is $0.8011/100.

Your margin account currently has a balance of $2,000.

The next three days' settlement prices are:

day 1: $0.8057/100

day 2: $0.7996/100

day 3: $0.7985/100. (The contractual size of one CME Yen contract is 12,500,000).

1) If you have a SHORT position in one futures contract, what would be the values on your margin account on day 1, day 2 and day 3?

2) If you have a LONG position in one futures contract, what would be the values on your margin account on day 1, day 2 and day 3?

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