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Assume todays settlement price on a CME EUR futures contract is $1.3162/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 $1.3162/EUR. You have a long position in one contract. Your performance bond account currently has a balance of $2,800. The next three days settlement prices are $1.3148, $1.3155, and $1.3071. Calculate the balance of the performance bond account after the third day.The contract size of one EUR contract is 125,000 euros.
$3937.50 | ||
None of the options | ||
$1662.50 | ||
$1137.50 |
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