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Business, 07.05.2020 02:14 robert7248

Today's settlement price on the Chicago Mercantile Exchange Yen Futures Contract is 0.8011/Yen100. Your margin account has a balance of $2000. The next three days settlement prices are: $0.8057/Yen100; $0.7996/Yen100; 0.7985/Yen100. The contract is on 12.5 Million Yen. If you have a short futures position, what is the balance in your margin account after three days. a. $1,325 b. $2,325 c. $1,985 d. $2,425

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