Today's Settlement Price on a Chicago Mercantile Exchange (CME) Yen

question 24

Multiple Choice

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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