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You just entered a futures contract to sell EUR50,000 at $1.15 per EUR. Your initial performance bond is $5,000 and your maintenance level is $1,500.
You just entered a futures contract to sell EUR50,000 at $1.15 per EUR. Your initial performance bond is $5,000 and your maintenance level is $1,500. At what settle price (exchange rate) will you receive a call for additional funds to be posted (margin call)? $1.08 per EUR. $0.00 per EUR $1.22 per EUR. $1.05 per EUR $1.02 per EUR $1.28 per EUR $1.15 per EUR
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
