Do problem 1 again assuming you have a long position in the futures contract. Problem 1 Assume
Question:
Do problem 1 again assuming you have a long position in the futures contract.
Problem 1
Assume today's settlement price on a CME EUR futures contract is $1.3140IEUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,700. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. Calculate the changes in the performance bond account from daily marking- to-market and the balance of the performance bond account after the third day.
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1700 13126 13140 13133 13126 13049 13133 x EUR125000 56250 where EUR12...View the full answer
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Related Book For 
International Financial Management
ISBN: 978-0078034657
6th Edition
Authors: Cheol S. Eun, Bruce G.Resnick
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