12. 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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You have entered into a contract to buy €62,500 at $1.50 per €. This means the total value of the contract is: \[ 62,500 \times 1.50 = \$93,750 \] Show more…
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