Calculate the balance in the margin account

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Reference no: EM131850613

Assume that today’s settlement price on a CME EUR futures contract is $1.1152/EUR. You have a long position in one contract. Your margin balance is currently of $2,466. The next three days’ settlement prices are $1.1152, $1.1146, and $1.1152. Calculate the balance in the margin account after the third day due to daily mark-to-market. The size of a futures contract on the euro is EUR125,000.

Reference no: EM131850613

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