Please answer question 7

QUESTION 6 Use the following information to answer the next two questions. Monday, a British company decided to use 4 futures contracts to speculate on the appreciation of the US dollar relative to the pound. Each contract has $600,000 attached. The futures price on Monday was 1.022/s. The initial margin and maintenance margin per contract is 10,000 and 6,500, respectively. Futures prices over the next two days (Tuesday and Wednesday) were 1.012 and 1.018, respectively. Find the company's ending margin balance in pounds) on Tuesday. Assume any deficit is eliminated to keep the account open and any excess margin remains within the account. 64,000 O 16,000 O 40,000 O 4,000 QUESTION 7 Find the company's ending margin balance (in pounds) on Wednesday. Assume any deficit is eliminated to keep the account open and any excess margin remains within the account. O 54,400 O 49,600 O 30,400 O 40,000 QUESTION 6 Use the following information to answer the next two questions. Monday, a British company decided to use 4 futures contracts to speculate on the appreciation of the US dollar relative to the pound. Each contract has $600,000 attached. The futures price on Monday was 1.022/s. The initial margin and maintenance margin per contract is 10,000 and 6,500, respectively. Futures prices over the next two days (Tuesday and Wednesday) were 1.012 and 1.018, respectively. Find the company's ending margin balance in pounds) on Tuesday. Assume any deficit is eliminated to keep the account open and any excess margin remains within the account. 64,000 O 16,000 O 40,000 O 4,000 QUESTION 7 Find the company's ending margin balance (in pounds) on Wednesday. Assume any deficit is eliminated to keep the account open and any excess margin remains within the account. O 54,400 O 49,600 O 30,400 O 40,000