Question
An investor bought 4 future contracts on the WIG20 index on the Warsaw Stock Exchange. He/she closed his/her position after 4 days at price 2200.
An investor bought 4 future contracts on the WIG20 index on the Warsaw Stock Exchange. He/she closed his/her position after 4 days at price 2200. What was the quotation for this contract at the time of taking a position so that
the total profit is 900 PLN (we ignore all commissions and deposit costs and use a proper multiplier for futures on WIG-20 on WSE)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
