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"Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/¥100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/¥100, $0.7996/¥100, and $0.7985/¥100. (The contractual size of one CME yen contract is ¥12,500,000). If you have a short position in one futures contract, the changes in the margin account from daily marking-to-market will result in the balance of the margin account after the third day to be A. $2,325. B. $2,000. C. $3,425. D. $1,425."

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Answer:

Step-by-step explanation:

The solution to the above problem is shown in the attached picture below. It is because of the arrangement i had ti use pen and book. Thank you

"Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures-example-1
User Notthetup
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