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QUESTION 2 Yesterday, you entered into a futures contract to buy Euro 62,500 at $1 .50/Euro. Your initial margin was $3,750 (= 0.04 x 62,500

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QUESTION 2 Yesterday, you entered into a futures contract to buy Euro 62,500 at $1 .50/Euro. Your initial margin was $3,750 (= 0.04 x 62,500 x $1 .50/Euro = 4% of the contract value in dollars). Your maintenance margin is $2,000 (meaning that your broker leaves you alone until your account balance falls to $2,000). At what settle price, $ per Euro, do you get a margin call, round to 4 decimal places

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