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1. Assume todays settlement price on a CME EUR futures contract is $1.3140/EUR. You have a short position in one contract. Your performance bond account

1. Assume todays settlement price on a CME EUR futures contract is $1.3140/EUR. 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.

Clculate your daily losses/ profits from daily marking-to-market.

Calculate balance of the performance bond account after the third day.

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