Question
A trader use futures to speculate on the British pound. Each contract is for 62,500. If the trader buys 4 pound futures at $1.4162/ and
A trader use futures to speculate on the British pound. Each contract is for 62,500. If the trader buys 4 pound futures at $1.4162/ and the spot rate at maturity is $1.3980/, then what is the value of the position at maturity?
Group of answer choices
-$4,550
-$1,137.50
+$1,137.50
+$4,550
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
