Question: need help please Question 37 0 / 4 points Four days ago you entered into a futures contract to buy 125,000 at $1.30 per euro.
Question 37 0 / 4 points Four days ago you entered into a futures contract to buy 125,000 at $1.30 per euro. The spot exchange rate when you entered the contract was $1.26. Your initial performance bond was $7,000 and your maintenance level was $2,800. Over the past four days (in order) the contract has settled at $1.32. $1.32 $126, and $1.35. How much in total have you made or lost? made $11.250 lost $11,250 lost $12.500 made $12.500 made $6,250 lost $6,250 Question 38 0/4 points Four days ago you entered into a futures contract to sell 125.000 at $1.25 per euro. The spot exchange rate when you entered the contract was $1.28. Your initial performance bond was $8,800 and your maintenance level was $3,500. Over the past four days (in order) the contract has settled at $1.27. $1.26, $1.30, and $1.28. What should your performance account balance be at the end of the four days? (Assume you do not withdraw excess funds and only add funds if required.) $15,050 $2.500 $17,550 $11,300 $5,050 $3,750
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