international Finance

Assume 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. 

(1) Calculate your daily losses/ profits from daily marking-to-market. 

(2) Calculate balance of the performance bond account after the third day. 

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