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.
A) At what settle price will you get a demand for additional funds (margin call) to be posted?
B) If the settle price is $1.52 per €, how much additional funds do you need to deposit in order to keep your position?
Please help me with both step by step