If you bought eight contracts of Euro currency futures (i.e. total of one million Euros) with an initial margin of $2835 per contract. You buy the contracts at $1.3468/Euro and after a few days of trading ends at a price of $1.3534/Euro with the following ending price each day:
$1) 3465, $1.3443, $1.3434 and $1.3534. What would be the margin account value sequence be? Starting value being $22,680 .
A) $22,680, $22,180, $20,380, $19,280, $29,280
B) $22,680, $22,380, $20,180, $19,280, $29,280
C) $22,680, $22,180, $19,280, $22,380, $29,280
D) none of the above
Correct Answer:
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