Yesterday, You Entered into a Futures Contract to Sell €62,500

question 17

Multiple Choice

Yesterday, you entered into a futures contract to sell €62,500 at $1.50 per €. Your initial performance bond is $1,500 and your maintenance level is $500. At what settle price will you get a demand for additional funds to be posted?

• A)$1.5160 per €.
• B)$1.208 per €.
• C)$1.1920 per €.
• D)$1.1840 per €.

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Definitions:

Chief Task

The primary or most important task that an individual or group must accomplish within a given context or period.

Erikson

Erik Erikson was a developmental psychologist known for his theory on the psychosocial development of humans, outlining eight stages from infancy to adulthood.

Identity

The condition or character as to who a person or what a thing is; a distinctive characteristic defining individuals or groups.

DNA

Deoxyribonucleic acid, the hereditary material in humans and almost all other organisms that contains the instructions necessary for building and maintaining an organism.