Question
Assume todays settlement price on a CME EUR futures contract is $1.10/EUR. You have a short position in one contract. Your performance bond account currently
Assume todays settlement price on a CME EUR futures contract is $1.10/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,500. The next three days settlement prices are $1.0974, $1.0985, and $1.0840. Calculate the balance of the performance bond account after the third day (Note: EUR125,000 is the contract size of one EUR contract).
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
