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Go to http://www.cmegroup.com/trading/fx/ Assume that today's settlement price on a CME EUR futures contract is the open price. Your performance bond account currently has a

Go to http://www.cmegroup.com/trading/fx/

Assume that today's settlement price on a CME EUR futures contract is the open price. Your performance bond account currently has a balance of $1700. The next three days settlement prices are +1%, +2% and -2% from today's open price. 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. Provide calculations where necessary to support your answer.

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