Calculate the changes in the performance bond account, Finance Basics

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Calculate the changes in the performance bond account

Problem

Assume today's settlement price on a CME EUR futures contract is $1.3164XEUR. You have a short position in one contract. Your performance bond account currently has a balance of $2,900. The next three days' settlement prices are $13150. $13157. and $13073. 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.

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Finance Basics: Calculate the changes in the performance bond account

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