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Click on the Exhibit Button to view the Formula Sheet.

Click on the Exhibit Button to view the Formula Sheet. You are short of 6 Dec euro dollar futures contracts at 98.10. Yesterday, the closing price was 98.15. Today’s closing price is 97.905.Whatvariation margin will be due?

A.

You will have to pay USD 612.50

B.

You will receive USD 612.50

C.

You will have to pay USD 3,675.00

D.

You will receive USD 3,675.00

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