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1. If a pair of Nike shoes cost $100 in U. S. while at the sane time, 654 n China, and the current exchange rate

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1. If a pair of Nike shoes cost $100 in U. S. while at the sane time, 654 n China, and the current exchange rate is 6. 40 RMB/USD, shat is the rea rate between RMB and USD? cost of 4. Wike entered into one euro currenc y futures contract on January 8, 2018 to sell euros in June 2018 at the exchange rate of $ The contract size is e 125, 000 per contract, the initial margin is set at $4, 000 and the maintenance nargin is $ 3, 000. The daily settlement prices are given in the following table. call dates and Can you calculate daily losses/gains, work out margin addi t ional deposits, daily margin account balances loss/gain for Jan 15, 16 and 17? 7/8

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