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 €.
Correct Answer:
Verified
Correct Answer:
Verified
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