Question: Section 2 Calculations. 5pt each part, 50 pts total. Show your work, no work = 0 pt! Do not round your work. Yesterday, you entered

Section 2 Calculations. 5pt each part, 50 pts total. Show your work, no work = 0 pt! Do not round your work.

Yesterday, you entered into a futures contract to sell one contract of Australian dollars (AUD) at $0.7575 per AUD. Your initial performance bond is $1,500 and your maintenance level is $1,250.

7) At what settle price, $____= AUD1, will you get a demand for additional funds to be posted, round to 4 decimal places?

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