Question: How do you solve this? Show your work. Yesterday, you entered into a futures contract to buy 62,500 at $1.50 per . Your initial performance

How do you solve this? Show your work. Yesterday, you entered

How do you solve this? Show your work.

Yesterday, you entered into a futures contract to buy 62,500 at $1.50 per . Your initial performance bond is $1,500 and your maintenance level is $500. At what settle price will you get a demand for additional funds to be posted? A) $1.1920 per . o $1.208 per . B) S1.4840 per . D) $1.5160 per . Answer: B

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