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Hi, I need some help on this question. Please provide full explanation and how to do it. 3. Todays' settlement price on a EUR futures
Hi, I need some help on this question. Please provide full explanation and how to do it.
3. Todays' settlement price on a EUR futures contract is $1.3140/. You have a short position in one contract. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. Calculate the direction and the amount of cash flow from/to your account with the clearning house from daily marking-to-market. If your account had a balance of $1,750 to start with, how much will you have in your account after third day's marking to market? Each Euro ontract size is 125,000Step by Step Solution
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