Calculate the changes in the margin account

Reference no: EM13651212

Assume today's settlement price on CME Canadian dollar futures contract (contract size: C$100000) is $0.8744/C$. You have a short position in one contract. Your margin account currency has a balance of $1,700. The next three days settle prices are $0.8724, $0.8754, and $0.8699. Calculate the changes in the margin account from daily marking-to-market and the balance of the margin account after the third day

Reference no: EM13651212

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