Assume today's settlement price on a CME GBP futures contract is $1.45/GBP. You have a long position in one contract. Your performance bond account currently has a balance of $10,000. The next three days' settlement prices are $1.47, $1.44, and $1.48. What is the balance of the performance bond (margin) account at the end of days one, two, and three respectively? The contract size is GBP125,000.

Question 11 options:

$12,500.00 $8,750.00 $6,250.00

$7,500.00 $8,750.00 $6,250.00

$12,500.00 $11,250.00 $6,250.00

$12,500.00 $8,750.00 $13,750.00

$7,500.00 $11,250.00 $6,250.00

$7,500.00 $11,250.00 $13,750.00