Question
An investor sells five contracts of Aug 20 Russian rubles at a price of $0.014/RR. The size of each contract is 2,500,000 rubles. The margin
An investor sells five contracts of Aug 20 Russian rubles at a price of $0.014/RR. The size of each contract is 2,500,000 rubles. The margin money is $4,000. At expiration, the price of the Ruble settles at $0.013/RR. What is the net gain or loss to the investor? What is the net gain or loss to the counterparty (purchaser)?
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
