Question
8. Four days ago, you entered into a futures contract to sell 125,000 at $1.15 per . Over the past three days the contract has
8. Four days ago, you entered into a futures contract to sell 125,000 at $1.15 per . Over the past three days the contract has settled at $1.16, $1.17, and $1.18. You have not taken any money out of your account. How much have you made or lost?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
