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Assume today's settlement price on a Chicago Mercantile Exchange MXN (Mexican Peso) futures contract is...

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Assume today's settlement price on a Chicago Mercantile Exchange MXN (Mexican Peso) futures contract is $.1125/MXN. You SELL a futures contract to hedge an exposure to MXN2,500,000 receivable. Your initial margin account balance is $40,000. The next three days' settlement prices are $.1124/MXN,$.1127/MXN, and $.1128/MXN. Calculate the changes in the margin account (and the new balances) from daily marking-to-market adjustments over the next three days. The contract size is 2,500,000 Mexican Pesos. DAY 0 MB=$ DAY 1= MB=$ DAY 2= MB=$ DAY 3= MB=$

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