Assume today's settlement price on a CME EUR futures contract is $13176/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $3,500. The next three days' settlement prices are $1.3162, $1.3169, and $13085 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Balance of the performance bond account
Assume today's settlement price on a CME EUR futures contract is $13176/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $3,500. The next three days' settlement prices are $1.3162, $1.3169, and $13085 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Balance of the performance bond account
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 6FPE
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