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09-02-2024
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Assume today's settlement price on a euro futures contract is $1.3140/€. You have a short position on one contract for €125,000. 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. Thus, the balance in your performance bond account after the third day equals
a. $15.47
b. $2,837.50
c. $562.50
d. $1,137.50

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