Yesterday you entered into a futures contract to sell, Ask an Expert

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Yesterday, you entered into a futures contract to sell €62,500 at $1.50 per €. Your initial performance bond is $1,500 and your maintenance level is $500.

A) At what settle price will you get a demand for additional funds (margin call) to be posted?

B) If the settle price is $1.52 per €, how much additional funds do you need to deposit in order to keep your position?

Please help me with both step by step

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Financial Management, Finance

Category:- Financial Management
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