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3. Assume today's settlement price on a CME EUR futures contract is $1.3140/EUR. Your performance bond account currently has a balance of $1,700. The next

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3. Assume today's settlement price on a CME EUR futures contract is $1.3140/EUR. 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 as well as additional funds need to be added for the following scenario. Assume: Contract Size= EUR125,000 (a) You have a short position in one contract. (b) You have a long position in one contract

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