Assume todays settlement price on a CME EUR futures contract is $1.3150/EUR. You have a...
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Assume todays settlement price on a CME EUR futures contract is $1.3150/EUR. You have a long position in one contract. Your performance bond account currently has a balance of $1,600. The next three days settlement prices are $1.3116, $1.3133, and $1.3044. Calculate the changes in the performance bond account from daily marking-to-market and the balance of the performance bond account after the third day. Assume a contract size is EUR 115,000.
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