Three Days Ago, You Entered into a Futures Contract to Sell

question 51

Multiple Choice

Three days ago, you entered into a futures contract to sell €62,500 at $1.50 per €. Over the past three days the contract has settled at $1.50, $1.52, and $1.54. How much have you made or lost?

• A)Lost $0.04 per € or $2,500
• B)Made $0.04 per € or $2,500
• C)Lost $0.06 per € or $3,750
• D)None of the above

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