(Answered) You entered into a futures contract to buynbspeuro62500 at

Engineering

You entered into a futures contract to buy €62,500 at $1.20/€ yesterday. Your initial margin was $4,200. Your maintenance margin is $2,500 (meaning that your broker leaves you alone until your account balance falls to $2,500). At what settle price will you get a margin call?

A) $1.2750/€

B) $1.1728/€

C) $1.5800/€

D) $1.0272/€

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