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You enter into a futures contract to buy 125,000 at $1.32 per euro. The spot exchange rate when you enter the contract is $1.19. Your

You enter into a futures contract to buy 125,000 at $1.32 per euro. The spot exchange rate when you enter the contract is $1.19. Your initial performance bond is $6,700 and your maintenance level is $2,700. At what settle price will you get a demand for additional funds to be posted to your account?

Question 22 options:

1.2880

1.3520

1.1580

1.2220

1.5020

1.0880

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