Suppose that you are convinced that interest rates are goingup in the near future. You decide to speculate the interest rate movement byselling 100 September 20-year T-Bond futures. The sale is executed at 101:24today. Margin requirements are $2,500 initial and $2,000 maintenance percontract. Each contract is defined as $100,000.

(1)  Yourfutures contracts require you to sell how much in T-Bonds at delivery? For whattotal amount?

(2)  How muchare you required to deposit in initial margin?

(3)  At the endof the following three days T-Bond futures settle at 101:00, 102:18, and102:24. Calculate your profit and equity on each date. Do you receive a margincall? If so, for how much?

有哪位高手可以帮忙解释一下怎么做?

谢谢!