Question: Please complete the changes to your daily margin account if you had a LONG POSITION. What is the gain or loss after 3 days on

Please complete the changes to your daily margin account if you had a LONG POSITION. What is the gain or loss after 3 days on the LONG POSITION?

CME YEN FUTURES CONTRACT SIZE YEN 12,500,000
MARGIN ACCOUNT USD 2000
USD/Y100 0.8011
SHORT POSITION (SELL)
USD/YEN100 CHANGE BALANCE
day 1 0.8057 -575 1425
day 2 0.7996 762.5 2187.5
day 3 0.7985 137.5 2325
GAIN/LOSS 325
CME YEN FUTURES CONTRACT SIZE YEN 12500000
MARGIN ACCOUNT USD 2000
USD/Y100 0.8011
LONG POSITION (BUY)
USD/YEN100 CHANGE BALANCE
day 1 0.8057 ? ?
day 2 0.7996 ? ?
day 3 0.7985 ? ?
GAIN/LOSS ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!