Question: questions 75 p Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days in March

questions 75 p Please answer the next question based on the closing July futures contract prices for GBP for three consecutive days in March 200 You sold three GBP futures contract at the closing price on 3/01. Each GBP futures contract requires the delivery of GBP 150.00 Suppose, the initial and maintenance margin for each EUR futures contract are $2,000 and $1.500, respectively Date 3/01 3/02 3/03 July GBP Futures Contract Price $1.7449 $1.7486 $1.7516 The profit/loss posted to your account at the close of 3/03 is: O-$1,350 $1,350 O $450 O-$450

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