Question: please help me this is the third time trying and no one as answered it. this is due in 5 hours 4. Assume today's settlement

 please help me this is the third time trying and no

please help me this is the third time trying and no one as answered it. this is due in 5 hours

4. Assume today's settlement price on a CME EUR futures contract is $1.3140/EUR. You have a long position in three contract. Your broker requires initial margin to be 3% and maintenance margin of 2% of the initial position. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. (a) 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. (b) For what settlement price in day 5 will you receive margin call? (c) How much fund you need to add to your margin account if the settlement price is $1.3145? 1.2945

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