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Assume todays settlement price on a CME EUR futures contract is $1.3140/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 $1.3140/EUR. You have a long 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. 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.
Assume today's settlement price on a CME EUR futures contract is $1.3140/EUR. You have a long position in one contract. Your performance bond account currently has a balance of $1700. 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Changes in the performance bond account 500,000.00 Step by Step Solution
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