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Calculate gain or loss from the futures contract

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Three days ago, 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. Over the past three days the contract has settled at $1.51, $1.48, and $1.52.

Question 1: Calculate your gain/loss from the futures contract as well as the balance of your performance bond account for each of the past three days.

Reference no: EM132489190

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