Question: PLEASE HELP ASAP!!!! NEED IT QUICK!!! Please answer the next question based on the closing July futures contract prices for EUR for three consecutive days
Please answer the next question based on the closing July futures contract prices for EUR for three consecutive days in March 20XX. You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR 150,000. Suppose, the initial and maintenance margin for each EUR futures contract are $2,000 and $1,500, respectively. Date July EUR Futures Contract Price 3/01 3/02 $1.3328 $1.3345 O $4.510 O $1.755 O $2.255 $3,490 3/03 $1.3398 Assuming that you meet your margin calls, if you get any, please estimate how much money you will have in your margin account at the close of the trading day on 3/02
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