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please do not use the other example to answer the question. as that one is wrong. Assume today's settlement price on a CME EUR futures
please do not use the other example to answer the question. as that one is wrong.
Assume today's settlement price on a CME EUR futures contract is \$1.3178/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $3,600. The next three days' settlement prices are $1.3164, $1.3171, and $1.3087. Calculate the changes in the performance bond account from daily marking-to-market and the balance of the permance bond account after the third day. (Do not round intermediate calculations. Round your answer to 2 decimal places.)Step by Step Solution
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