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

Multiple Choice

Yesterday, you entered into a futures contract to buy €62,500 at $1.50/€. Your initial margin was $3,750 (= 0.04 × €62,500 × $1.50/€ = 4 percent of the contract value in dollars) . Your maintenance margin is $2,000 (meaning that your broker leaves you alone until your account balance falls to $2,000) . At what settle price (use 4 decimal places) do you get a margin call?

A) $1.4720/€
B) $1.5280/€
C) $1.500/€
D) None of the above