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11. (3 points) Suppose today you observe the following quotations for the CME futures contracts on euros (futures prices are quoted in terms of dollars
11. (3 points) Suppose today you observe the following quotations for the CME futures contracts on euros (futures prices are quoted in terms of dollars per euro, contract size is 125,000). Open High Low Settle Change Open interest Euro (CME)-125,000; $per 1.1312 Sept 1.1347 June 1.1352 1.1386 1.1311 .1347 1.1327 1.1363 0011 0011 339,149 5,793 1 Which of the following is correct according to the quotations? a. If you hold a long position in the June futures contract, you would realize a gain today. b. If you hold a short position in the September futures contract, you would realize a gain today. c. The number of contracts outstanding increases with term to maturity. d. All of above are correct
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