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QUESTION 8 John entered into a futures contract to buy Euro 62,500 at $1.40 per Euro. Suppose the futures price closes today at $1.46. At

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QUESTION 8 John entered into a futures contract to buy Euro 62,500 at $1.40 per Euro. Suppose the futures price closes today at $1.46. At the beginning, the initial performance bond is $1500 and there ll be a margin call if the bond is $1,300. What is the bond ending balance, to nearest dollar? E

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