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price on a CME EUR futures contract is $1.3140 per euro. You have a long position in one contra size of one EUR contract. Your performance bond account currently has a balance of $1,700. Th es are $1.3126, $1.3133, and $1.3049. Calculate the changes in the performance bond account fro balance of the performance bond account after the third day. ediate calculations. Round your answer to 2 decimal places. WTTTTTTT

price on a CME EUR futures contract is $1.3140 per euro. You have a long position in one contra size of one EUR contract. Your performance bond account currently has a balance of $1,700. Th es are $1.3126, $1.3133, and $1.3049. Calculate the changes in the performance bond account fro balance of the performance bond account after the third day. ediate calculations. Round your answer to 2 decimal places. WTTTTTTT

Essentials Of Investments
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
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Assume today's settlement price on a CME EUR futures contract is $1.3140 per euro. You have a long position in one contract. EUR125,000 is the contract size of one EUR contract. Your performance bond account currently has a balance of $1,700. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. 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. Required: Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Balance of the performance bond account
Transcribed Image Text:Assume today's settlement price on a CME EUR futures contract is $1.3140 per euro. You have a long position in one contract. EUR125,000 is the contract size of one EUR contract. Your performance bond account currently has a balance of $1,700. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. 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. Required: Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Balance of the performance bond account
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