ООООО Yesterday, John entered into a futures contract to buy €62,500 at $1.55 per €. Suppose the futures price closes to

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answerhappygod
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ООООО Yesterday, John entered into a futures contract to buy €62,500 at $1.55 per €. Suppose the futures price closes to

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ООООО Yesterday, John entered into a futures contract to buy €62,500 at $1.55 per €. Suppose the futures price closes today at $1.40. How much has John made/lost? John has lost $9,375.00. John has made $1,500.00 None of the options Depends on the margin balance. John has made $9,375.00.
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