Yesterday,you Entered into a Futures Contract to Buy €62,500 at $1.50

question 48

Multiple Choice

Yesterday,you entered into a futures contract to buy €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)$1.4840 per €.

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Definitions:

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