Question
Yesterdays settlement price on a CME euro futures contract was $0.96 / . You have a long position in one euro contract for 125,000 maturing
Yesterdays settlement price on a CME euro futures contract was $0.96 / . You have a long position in one euro contract for 125,000 maturing in one month. Your performance bond is funded. Today the settlement price is $0.99 / . Your performance bond will be :
a. Credited by $0.03 / * 125,000
b. Debited by $0.03 / * 125,000
c. Unchanged until the contract matures
d. Settled at $0.99 / * 125,000
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
