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Four days ago you entered into a futures contract to buy 125,000 at $1.42 per euro. The spot exchange rate when you entered the contract

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Four days ago you entered into a futures contract to buy 125,000 at $1.42 per euro. The spot exchange rate when you entered the contract was $1.39. Your initial performance bond was $7,000 and your maintenance level was $2,800. Over the past four days (in order) the contract has settled at $1.44, $1.45, $1.38, and $1.40. What should your performance account balance be at the end of the four days? (Assume you do not withdraw excess funds and only add funds if required.) $4,500 $2,500 $10,750 $1,250 $12,000 $9,500

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