Question
Assume todays settlement price on a CME EUR futures contract is $1.3158/EUR. You have a long position in one contract. Your performance bond account currently
Assume todays settlement price on a CME EUR futures contract is $1.3158/EUR. You have a long position in one contract. Your performance bond account currently has a balance of $2,600. The next three days settlement prices are $1.3144, $1.3151, and $1.3067. 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
What is the change in the performance bond account?
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The New International Financial System Analyzing The Cumulative Impact Of Regulatory Reform
Authors: Douglas Evanoff , Douglas D Evanoff , Andrew G Haldane , George G Kaufman
1st Edition
9814678325,9814678341
