Question: ill leave a like! (Problem 2 at EOC) Assume today's settlement price on a CME EUR futures contract is $1.756/EUR. You have a long position
ill leave a like!
(Problem 2 at EOC) Assume today's settlement price on a CME EUR futures contract is $1.756/EUR. You have a long position in one Euro contract. Your performance bond account currently has a balance of $1,816 The next three days' settlement prices are $1.370, $1.776, and $1.716. Note the contract size of one Euro option is EUR125,000. Calculate the balance of the performance bond account after the third day due to the changes in the performance bond account from daily mark-to-market (or daily resettlement (keep one decimal, eg., 1,500.4)
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