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Assume that todays settlement price on a CME EUR futures contract is the open price. Your performance bond account currently has a balance of $1700.

Assume that todays settlement price on a CME EUR futures contract is the open price. Your performance bond account currently has a balance of $1700. The next three days settlement prices are +1%, +2% and -2% from todays open price. 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. Provide calculations where necessary to support your answer. Summarize and explain your findings. Please provide an explanation of the results.

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