Jon establishes a long position of one T-bond future today for a settlement price of 101'02. The exchange requires an initial mar maintenance margin of $2500. his contract price next day is: Day 1: settlement price101'04 The margin account balance at the end of Day 1 is dollars Numeric Response and
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vi.2
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- This morning (Day 0) you take a short position in a pound futures contract that matures in 3 days (Day 3). The future price is $1.9750 today. The contract size is £62,500 and its initial performance bond and maintenance bond are $2,430 and $1,830, respectively. a. (b) Assuming that the daily settlement prices are indicated below, how would the daily change in settlement future prices affect your account? Show the daily gain/loss and account balance. Day 0 1 2 3 Settlement 1.9750 1.9700 1.9815 1.9907 Total Gain/Loss Account Balance b. During this period, did you receive a margin call? If you did, on what day? c. At the end of Day 3, how much in total did you make/lose on this futures contract?• Prepare the margin account showing the mark-to-market cash flows, the daily closing balances and net profit (loss) in the accounts of (a) An investor who has gone long at 1450 (b) An investor who has gone short at 1450Assume today's settlement price on a CME EUR futures contract is $1.3154 per euro. You have a short position in one contract. EUR125,000 is the contract size of one EUR contract. Your performance bond account currently has a balance of $2,400. The next three days' settlement prices are $1.3140, $1.3147, $1.3063. 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. Required: Note: 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 $1.3160/EUR You have a short position in one contract. Your performance bond account currently has a balance of $1,800. The next three days' settlement prices are $1.3130, $1.3140, and $1.3100. Calculate the changes in the performance bond account from daily marking-to-market and the balance of the performance bond account after the third dayAssume today's settlement price on a CME EUR futures contract is $1.1140/EUR. You have a short position in one contract with a standard contract size of 125,000€. Your performance bond account currently has a balance of $2,000. The next three days' settlement prices are $1.1126, $1.1133, and $1.1050. Calculate the balance of the performance bond account after the third day.Assume today’s settlement price on a CME EUR futures contract is $1.3144 per euro. You have a short position in one contract. EUR125,000 is the contract size of one EUR contract. Your performance bond account currently has a balance of $1,900. The next three days’ settlement prices are $1.3130, $1.3137, and $1.3053. 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. Required: Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
- Assume today's settlement price on a CME EUR futures contract is $1.3140 per euro. You have a long position in one contract. EUR125,000 is the contract size of one EUR contract. Your performance bond account currently has a balance of $1,700. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. 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. Required: Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Balance of the performance bond accountAssume today’s settlement price on a CME EUR futures contract is $1.3130/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,700. The next day’ settlement price is $1.3059. Calculate the balance of the account at the end of the day. (USD, no cents)1. An investor takes the long position on a forward contract on a T-Bill that will expire in 125 days. The forward price at which he takes his position is 2.48% on a discount yield basis. If the underlying on this contract are T-Bills with a par value of $500,000, the amount that the investor would have to pay at contract expiration to take delivery of the T-Bills is closest to: A. $495,694 B. $495,753 C. $487,600 2. An investor borrows $2m from XYZ Bank at LIBOR-90 plus a quoted margin of 2%. If the LIBOR-90 effective for the 90-day loans equals 5%, the amount of interest that the investor will pay XYZ Bank is closest to: A. $140,000 B. $35,000 C. $65,000 3. An investor takes a long position on an FRA that is based on 90-day LIBOR and has 6 months till expiration. The FRA rate equals 5%. LIBOR-90 at various dates are given below: Today : 5% After 3 months: 5.5% After 6 months: 6% After 9 months: 6.5% After 1 year: 7% The payoff on the FRA to the investor assuming that the notional…
- Assume today's settlement price on a CME EUR fütures contract is $1.3176/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 $1.3085. 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 accountAssume today's settlement price on a CME EUR futures contract is $1.3140/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,700. The next three days' settlement prices are $1.3126, $1.3133, and $1.3049. 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.) Changes in the performance bond account WAssume today's settlement price on a CME EUR futures contract is $1.3174/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $3,400. The next three days' settlement prices are $1.3160, $1.3167, and $1.3083. 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.) What's is balance of the performance bond account?