Answer:
The settle price at which you will get a demand for additional funds to be posted is $1.4840 per €.
Explanation:
Provided data from the question;
Futures contract to buy in euros = €62,500
Future contract to buy in dollar = $93,750 ( €62,500 × $1.50)
Initial performance of bond = $1,500
Maintenance level = $500
To determine the settle price at which you get a demand for additional funds to be posted =
Future contract to buy in dollar - (initial bond performance - maintenance level) ÷ future contract to in euros
$93,750 - ($1,500 - $500)
= $93,750 - $1,000
$92,750 ÷ €62,500
= $1.484
