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7. Futures Contracts Look at the following quote sheet for the CME euro futures contract: Euro (CME) 125,000 S per Open Open Hi Lo Settle

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7. Futures Contracts Look at the following quote sheet for the CME euro futures contract: Euro (CME) 125,000 S per Open Open Hi Lo Settle Chg Interest March 1.2587 1.26731.2572 1.2615 0.0134 152,501 June 1.2570 1.2660 1.2547 12591 0.0135 3,193 Suppose you sell the March contract at the open. In March you are agreeing to: a. deliver 125,000 euros in exchange for receiving S125,000 b. purchase 125,000 euros in exchange for paying S125,000 c. purchase 125,000 euros in exchange for paying S157,337.50 d. deliver 125,000 euros in exchange for receiving S157,337.50

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