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Four days ago you entered into a futures contract to buy 125,000 at $1.53 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 $1.53 per euro. The spot exchange rate when you entered the contract was $1.56. Your initial performance bond was $8,200 and your maintenance level was $3,300. Over the past four days (in order the contract has settled at $1.55, $1.57, $1.48, and $1.50. 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.) $3,750 $13,200 $2,500 $15,700 $10,700 $4,450

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