How much in total have you made or lost

Reference no: EM132150154

Question - Four days ago you entered into a futures contract to buy €125,000 at $1.10 per euro. The spot exchange rate when you entered the contract was $1.07. Your initial performance bond was $5,800 and your maintenance level was $2,300. Over the past four days (in order) the contract has settled at $1.08, $1.12, $1.06, and $1.13. How much in total have you made or lost?

A. lost $3,750

B. made $7,500

C. lost $7,500

D. lost $10,000

E. made $10,000

F. made $3,750

Reference no: EM132150154

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