$1.3069. 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.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Assume today's settlement price on a CME EUR futures contract is $1.3160/EUR. You have a long position in one contract. Your
performance bond account currently has a balance of $2,700. The next three days' settlement prices are $1.3146, $1.3153, and
$1.3069. 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.)
> Answer is complete but not entirely correct.
Balance of the performance bond account
$
3,837.50 x
Transcribed Image Text:Assume today's settlement price on a CME EUR futures contract is $1.3160/EUR. You have a long position in one contract. Your performance bond account currently has a balance of $2,700. The next three days' settlement prices are $1.3146, $1.3153, and $1.3069. 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.) > Answer is complete but not entirely correct. Balance of the performance bond account $ 3,837.50 x
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