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  3. assume today's settlement price on a cme con ($100

ASSUME TODAY'S SETTLEMENT PRICE ON A CME CON ($100,000 CANADIAN DOLLAR) FUTURES CONTRACT IS US50...

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Finance

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ASSUME TODAY'S SETTLEMENT PRICE ON A CME CON ($100,000 CANADIAN DOLLAR) FUTURES CONTRACT IS US50 9400/CADS YOU HAVE A LONG POSITION IN ONE CONTRACT. YOUR MARGIN ACCOUNT CURRENTLY HAS A BALANCE OF US$1700, THE NEXT THREE DAYS' SETTLEMENT PRICES ARE: US$0.9386 US$0.9393 US$0.9309 CALCULATE THE CHANGES IN THE MARGIN ACCOUNT FROM DAILY MARKING-TO-MARKET AND THE BALANCE OF MARGIN ACCOUNT AFTER THE THIRD DAY CHANGE IN DAY1? CHANGE IN DAY2? CHANGE IN DAY3? BALANCE ON DAY 3

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