Question
Assume todays settlement price on a Chicago mercantile exchange futures contract is $1.3140/EUR. You have a short position in two contracts. Your margin account currently
Assume todays settlement price on a Chicago mercantile exchange futures contract is $1.3140/EUR. You have a short position in two contracts. Your margin account currently has a balance of $3,400. The next three days settlement prices are $1.3126, $1.3133 and $1.3049. Calculate the changes in the margin account from daily marking-to-market and enter the balance of account after the third day. The contract size of one EUR contract is EUR 125,000
The account balance will be? SHOW YOUR WORK
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Principles Of Corporate Finance Law
Authors: Eilis Ferran, Look Chan Ho
2nd Edition
0199671354, 978-0199671359
