Question: please please help Question 25 1pt Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days

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Question 25 1pt Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days in June 20XX. You bought two GBP futures contract at the closing price on 3/01. Each GBP futures contract requires the delivery of GBP 125,000. Suppose, the initial and maintenance margin for each GBP futures contract are $2.000 and $1.000, respectively. Date 3/01 3/02 31/03 GOP Spot Price S15574 IS205 $115285 July GBP Futures Contract Price 515545 $1.5500 15487 The proht loss posted to your account at the close of 3/03 is: 1625 325.0 162.5 -325.0 Question 24 1 pts Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days in June 20XX. You bought two GBP futures contract at the closing price on 3/01. Each GBP futures contract requires the delivery of GBP 125.000. Suppose the initial and maintenance margin for each GBP futures contract are $2,000 and $1.000, respectively, Date 3/01 3/02 3/03 GBP Spot Price 515378 $1.5305 $1.5285 July GBP Futures Contract Price $15545 $1.5500 $1.5487 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 55.125 52875 51.438 $2.562

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