Today's settlement price on a Chicago Mercantile Exchange YEN futures contract is USD 0.8011 /...
70.2K
Verified Solution
Link Copied!
Question
Finance
Today's settlement price on a Chicago Mercantile Exchange YEN futures contract is USD 0.8011 / YEN. Your margin account currently has a balance of USD 2,000. The next three days' settlement prices are USD 0.8057 / YEN, USD 0.7996 / YEN , and USD 0.7985 / YEN. The contractual size of one YEN contract is YEN 125,000. If you have a short position in one futures contract, the changes in the margin account from daily marking-to-market will result in the balance of the margin account after the third day to be how much in USD?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.