Business, 06.05.2020 07:08 dependentclause5828

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) $1,425.
B) $2,000.
C) $2,325.
D) $3,425.

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Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/¥100...

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