QUESTION 2 Use the following information to answer the next three questions. On Monday, an American company decides to hedge a receipt of British pounds by creating a portfolio consisting of two pound futures contracts that mature on Thursday. Each contract has 62,500 pounds attached. The futures price on Monday is $1.85/BP. Assume that the initial margin and maintenance margin is $1485 and $1150 per contract, respectively. The futures prices over the next three days (Tuesday-Thursday) are as follows: 51.855, $1.865, and $1.86 How much money will the investor need to open his margin position? $121,875 $2300 $125,000 $2970 QUESTION 3 Find the investor's ending margin balance on Tuesday. (Assume any deficits are eliminated to keep the account open and any excess funds remain in the account) 2345 2970 O 2000 3595 QUESTION 4 Find the investor's ending margin balance on Thursday. (Assume any deficits are eliminated to keep the account open and any excess funds remain in the account) 3595 4220 1720 11095