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Assume today's settlement price on a CME EUR futures contract is $1.3240/EUR. You have a long position. Calculate the initial performance bond account balance. Assume

Assume today's settlement price on a CME EUR futures contract is $1.3240/EUR. You have a long position.

Calculate the initial performance bond account balance.

Assume that the next three days' settlement prices are $1.3226, 1.3233, and 1.3249. 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.

If the maintenance performance bond minimum requirement is 1.6%, will you have a margin call & why?

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