Assume today's settlement price on a CME EUR futures contract is $1.3166/EUR. You have a long position in one contract. Your performance bond account currently has a balance of $3,000. The next three days' settlement prices are $1.3152, $1.3159, and $1.3075. 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Changes in the performance bond account
Assume today's settlement price on a CME EUR futures contract is $1.3166/EUR. You have a long position in one contract. Your performance bond account currently has a balance of $3,000. The next three days' settlement prices are $1.3152, $1.3159, and $1.3075. 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Changes in the performance bond account
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Assume today's settlement price on a CME EUR futures contract is $1.3166/EUR. You have a long position in one contract. Your
performance bond account currently has a balance of $3,000. The next three days' settlement prices are $1.3152, $1.3159, and
$1.3075. 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Changes in the performance bond account](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcd0660c2-fc29-4291-8200-d85f167ecc77%2F7b9514a5-75ec-42ae-a29b-9a20d4af2de8%2Fkfzpqy_processed.png&w=3840&q=75)
Transcribed Image Text:Assume today's settlement price on a CME EUR futures contract is $1.3166/EUR. You have a long position in one contract. Your
performance bond account currently has a balance of $3,000. The next three days' settlement prices are $1.3152, $1.3159, and
$1.3075. 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Changes in the performance bond account
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