1.UsingFigure 14.1: https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/finance/Jordan_8e/figure_14.1.jpg

You are short 15 March 2016 corn futures contracts. Calculate your dollar profit or loss from this trading day.(A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

gain or loss :

2.UsingFigure 14.1: https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/finance/Jordan_8e/figure_14.1.jpg

a.What is the total open interest on the December 2015 Japanese Yen contract?

b.Does it represent long positions, short positions, or both?

multiple choice

• Long positions
• Short positions
• Both

c.Based on the settle price on the contract, what is the dollar value of the open interest?(Do not round intermediate calculations.)

3.A non-dividend-paying stock has a current share price of $42.60 and a futures price of $42.95. If the maturity of the futures contract is four months, what is the risk-free rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

4.Suppose the initial margin on heating oil futures is $8,400, the maintenance margin is $7,200 per contract, and you establish a long position of 10 contracts today, where each contract represents 42,000 gallons. Tomorrow, the contract settles down $0.04 from the previous day's price. What is the maximum price decline on the contract that you can sustain without getting a margin call?(Do not round intermediate calculations. Round your answer to 3 decimal places.)

6.You shorted 15 March 2016 British pound futures contracts at the high price for the day. Looking back atFigure 14.1, if you closed your position at the settle price on this day, what was your profit?(Do not round intermediate calculations. Round your answer to 2 decimal places.)