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please answer 7 and 8 7. Suppose you are holding a long position in a euro futures contract that matures in 76 days. The agreed-upon

please answer 7 and 8
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7. Suppose you are holding a long position in a euro futures contract that matures in 76 days. The agreed-upon price is $1.15 for 125,000 euro. At the close of trading today, the futures price has risen to $1.155. Under marking to market, what is your position now? (10%) 8. It is 1985 and suppose the 90-day forward quotes on the DM and the French franc are $.4002-10 and $.1180-90, respectively. What is the direct 90-day forward quote for the franc in Frankfurt? (10%)

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