Question:
Today's settlement price for Mercantile Exchange Yen futures contract is $0.8011/Y100. Margin account balance is $2,000. Next three days settlement prices are $0.8057/T100, $0.7996/T100 and $0.7985/Y199. The contractual size of one Mercantile Exchange is Yen12,500,00. If you have a long position in one futures contract, the changes in the margin account from daily marking to market will result in a balance of the margin account after the third day to be: