Determining the futures contract

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Yesterday, you entered into a futures contract to buy €125,000 at $1.14 per €. Suppose the futures price closes today at $1.135. How much have you made/lost in your futures contract? State amount and whether it is a gain or loss.

Reference no: EM131180574

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Effective exchange rate : On that same day you close your futures contract at $1.15/€. What is the effective exchange rate you received for the €145,000? Go to 4 decimal places.

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