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If You Bought Eight Contracts of Euro Currency Futures (I

Question 26

Multiple Choice

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

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