The next two days settlement prices are 11450 and 11660, Financial Management

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The next two days settlement prices are 11450 and 11660

Assume today’s settlement price on a CME EUR futures contract is $1.1550/€. You have a long position in one contract. Your performance bond account currently has a balance of $2,000. The next two days’ settlement prices are $1.1450 and $1.1660. Calculate the balance of the performance bond account after each day.

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Financial Management: The next two days settlement prices are 11450 and 11660

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