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At what settle price will you get a demand for funds

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Question - You enter into a futures contract to sell €125,000 at $1.51 per euro. The spot exchange rate when you enter the contract is $1.59. Your initial performance bond is $6,200 and your maintenance level is $2,500. At what settle price will you get a demand for additional funds to be posted to your account?

Reference no: EM132066543

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