On Mar $3,$ you opened a long futures contract position on USD$/$EUR at $$1\mathrm{.}014$ per Euro. The

following prices were noted over the following week.

Contract size: $$1,000,000$

Initial margin: $$2,000$

Maintenance margin: $$1,250$

Date Closing spot

$4-$Mar $1\mathrm{.}0145$

$5-$Mar $1\mathrm{.}0135$

$6-$Mar $1\mathrm{.}0125$

$7-$Mar $1\mathrm{.}0135$

$8-$Mar $1\mathrm{.}0142$

Calculate your profit $/$ loss position related cash flows and account balance at the end of each

trading day. $(15$ marks$)$