Furtures contract to sell euro
Question:
Yesterday, you entered ito a furtures contract to SELL Euro62,500 at $1.20 per euro. Initial performance bond is $1,500 and maintenance level is $500. What's the settle price will you get a demand for additional funds to be posted?
Now Priced at $20 (50% Discount)
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Yesterday, you entered ito a furtures contract to SELL Euro62,500 at $1.20 per euro. Initial performance bond is $1,500 and maintenance level is $500.
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