Solved: You enter into a futures contract to sell 125000 at 151 per, Accounting Basics

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You enter into a futures contract to sell 125000 at 151 per

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?

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Accounting Basics: You enter into a futures contract to sell 125000 at 151 per

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