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. Consider a long position in the CME Euro/U.S. Dollar futures contract. It is written on 125.000 and quoted in $ per . The spot

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. Consider a long position in the CME Euro/U.S. Dollar futures contract. It is written on 125.000 and quoted in $ per . The spot price is $1.25/6. The strike price is $1.25/ and the maturity is 3 months. . At initiation of the contract, the long posts an initial performance bond (Initial margto of $7,000. The maintenance performance bond (maintenance margin) is $4,500. The next three days' settlement prices are $1.26/6, $1.20/, and $1.21/. How much money you make on the first day? O $7.500 $1.250 $2.500 55.000

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