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The settlement price on a CME NZD futures contract is $0.6156/NZD. NZD100,000 is the contract size of one NZD futures contract. You have a short
The settlement price on a CME NZD futures contract is $0.6156/NZD. NZD100,000 is the contract size of one NZD futures contract. You have a short position in four contracts. Your performance bond account currently has a balance of $20,000. The next two days' settlement prices are $0.6155 and $0.6085. What is the balance of the performance bond account after the second day
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