Suppose that on June 5, a Japanese Yen future contract is purchased at the ¥119 per dollar (opening price). The contract is for $1,000. The initial margin level is ¥17,000, and the maintenance level is ¥15,000. What is the value of the actual margin at the end of the date June 7, if the future price is ¥116 per dollar on June 6, and ¥115 per dollar on June 7? (ASSUMPTION: As the margin account reaches above the initial margin level, do not withdraw the amount above the initial margin level)
a) ¥12,000
b) ¥15,000
c) ¥16,000
d) ¥13,000
e) ¥14,000