Question: olease help if you know the correct answer (Problem 1 at the end of chapter) Assume today's settlement price on a CME EUR futures contract
(Problem 1 at the end of chapter) Assume today's settlement price on a CME EUR futures contract is $1.382/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,992 The next three days' settlement prices are $1.662, $1.489, and $1.719. 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). > Question 2 2 pts (Problem 2 at EOC) Assume today's settlement price on a CME EUR futures contract is $1.566/EUR. You have a long position in one Euro contract. Your performance bond account currently has a balance of $1,555 The next three days' settlement prices are $2.085, $1.453, and $1.905. 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)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
