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(Problem 1 at the end of chapter) Assume today's settlement price on a CME EUR futures contract is $1.132/EUR. You have a short position in

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(Problem 1 at the end of chapter) Assume today's settlement price on a CME EUR futures contract is $1.132/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,629 The next three days' settlement prices are $1.534, $1.592, and $1.377. Note the contract size of one Euro option is EUR125,000. Calculate the balance of the performance bond account after the third day due to the changes in the performance bond account from daily marking-to-market (keep one decimal, eg 1,500.4)

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