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Futures Exercise Suppose that you sold 20 FED contracts (size of each equals 20,000 EUR) at the price of 115 USD per 100 EUR. You

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Futures Exercise Suppose that you sold 20 FED contracts (size of each equals 20,000 EUR) at the price of 115 USD per 100 EUR. You will keep your position open for 5 days and then you close it out with a reverse transaction. Calculate gains and losses for this trade if you know the following figures: Initial margin is 3% of the size of the position and spot exchange rate EUR/USD equals 1.1500. Maintenance margin equals 2/3 of the initial margin. During the whole transaction, do we have to additionally deposit any new funds to our account

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