Question 14 1 pts Josh opened a short position on a euro futures contract at...
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Question 14 1 pts Josh opened a short position on a euro futures contract at day t. The initial margin is $4.000 and maintenance margin is $2,500. The contract size is EUR125,000. What is the balance of Josh's margin account at day t+2, given the following daily close exchange rates? Day Futures Price USD/EUR t 1.0755 t+1 1.0925 t +2 1.0810 $3312.5 $3937.5 O $4687.5 O $5437.5
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