Go tohttp://www.cmegroup.com/trading/fx/(Links to an external site.). Assume that today’s settlement price on a CME EUR futures contract is the open price. Your performance bond account currently has...

Go tohttp://www.cmegroup.com/trading/fx/(Links to an external site.). Assume that today’s settlement price on a CME EUR futures contract is the open price. Your performance bond account currently has a balance of $1700. The next three days settlement prices are +1%, +2% and -2% from today’s open price. Calculate the changes in the Performance bond account from daily marking to market and the balance of the performance bond account after the third day. Provide calculations where necessary to support your answer. Summarize your findings in a two page paper, not including title and references pages. Be sure to properly cite your resources using APA style.

The Week 2 Assignment

• Must be two double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.


• Must include a title page with the following:
  
  
  • Title of paper
  
  
  • Student’s name
  
  
  • Course name and number
  
  
  • 
    
    
    
    • Instructor’s name
    
    
    • Date submitted
    
    
    
    
  
  
  • Must begin with an introductory paragraph that has a succinct thesis statement.
  
  
  • Must address the topic of the paper with critical thought.
  
  
  • Must end with a conclusion that reaffirms your thesis.
  
  
  • If you use references, you must document all sources in APA style, as outlined in the Ashford Writing Center.
  
  
  • Must include a separate references page, formatted according to APA style as outlined in the Ashford Writing Center.