4.5 pts 1. You open your futures position by SELLING futures contracts on 10 million pesos when the June contract price is $0.0415 / Peso. Weeks later when you buy-to-close your entire futures position, the contract price is $0.0404/Peso. Enter the total amount Futures GAIN?? or LOSS?? Show GAIN as " +$", LOSS as "-$ GAIN = Sold high at start $0.0415 - $0.0404 = $0.0011 / P gain x 10 m. 4.5 pts 2. You open your futures position by BUYING futures contracts on 10 million Pesos when the June contract price is $0.0422 / Peso. Weeks later when you sell-to-close your entire futures position, the contract price is $0.0440/Peso. Enter the total amount Futures GAIN?? or LOSS?? Show GAIN as " +$", LOSS as "$" GAIN = bought low at start $0.0440 - $0.0422 = $0.0018 /P gain x 10 m. w 2.5pts TRUE or FALSE 3. When you opened your futures position the June contract price was $0.0440/Peso. When you closed your futures position the price was $0.0415/Peso. If initially to start you sold the futures contract, you would have a GAIN. 2.5pts TRUE or FALSE 4. When you opened your futures position the June contract price was $0.0435/Peso. When you closed your futures position the price was $0.0420/Peso. If initially to start you bought the futures contract, you would have a GAIN. 4.5 pts 1. You open your futures position by SELLING futures contracts on 10 million pesos when the June contract price is $0.0415 / Peso. Weeks later when you buy-to-close your entire futures position, the contract price is $0.0404/Peso. Enter the total amount Futures GAIN?? or LOSS?? Show GAIN as " +$", LOSS as "-$ GAIN = Sold high at start $0.0415 - $0.0404 = $0.0011 / P gain x 10 m. 4.5 pts 2. You open your futures position by BUYING futures contracts on 10 million Pesos when the June contract price is $0.0422 / Peso. Weeks later when you sell-to-close your entire futures position, the contract price is $0.0440/Peso. Enter the total amount Futures GAIN?? or LOSS?? Show GAIN as " +$", LOSS as "$" GAIN = bought low at start $0.0440 - $0.0422 = $0.0018 /P gain x 10 m. w 2.5pts TRUE or FALSE 3. When you opened your futures position the June contract price was $0.0440/Peso. When you closed your futures position the price was $0.0415/Peso. If initially to start you sold the futures contract, you would have a GAIN. 2.5pts TRUE or FALSE 4. When you opened your futures position the June contract price was $0.0435/Peso. When you closed your futures position the price was $0.0420/Peso. If initially to start you bought the futures contract, you would have a GAIN
