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Yesterday,you Entered into a Futures Contract to Sell €75,000 at $1.79

Question 70

Multiple Choice

Yesterday,you entered into a futures contract to sell €75,000 at $1.79 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) $1.7767 per €.
B) $1.2084 per €.
C) $1.6676 per €.
D) $1.1840 per €.

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