You open a long position of $1 million total value on euro futures at a spot FX

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You open a long position of $1 million total value on euro futures at a spot FX rate of $1.2568/€. The closing prices of the future for the next days are $1.2565/€ (Day 1), $1.2543/€ (Day 2), $1.2534/€ (Day 3), and $1.2634/€ (Day 4).

What is the daily balance of your margin account?

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Investments

ISBN: 978-0077861674

10th edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Posted Date: Apr 20, 2023 12:22 AM

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You open a long position of $1 million total value on euro futures at a spot FX

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To calculate the daily balance of the margin account we need to calculate the daily profits or losse... View the full answer

Investments

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