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Assume todays settlement price on a CME EUR futures contract is $1.3140/EUR. Contract size is: EUR125,000 You decide to SELL (SHORT) one contract. At the
Assume todays settlement price on a CME EUR futures contract is $1.3140/EUR. Contract size is: EUR125,000 You decide to SELL (SHORT) one contract. At the close of the expiration date, if the EUR price is $1.3300, what is your dollar profit or loss? You need to find how much EUR per futures contract and this information is in text book. In your answer, dont put USD, %, , and comma.
CURRENCY Australian dollar Brazilian real British pound Canadian dollar Chinese yuan Czech koruna Euro Hungarian forint Indian rupee Israeli shekel Japanese yen Korean won Mexican peso New Zealand dollar Norwegian krone Polish zloty Russian ruble South African rand Swedish krona Swiss franc UNITS PER CONTRACT 100,000 100,000 62,500 100,000 1,000,000 ,000,000 25,000 30,000,000 5,000,000 1,000,000 12,500,000 125,000,000 500,000 100,000 2,000,000 500,000 2,500,000 500,000 2,000,000 25,000Step by Step Solution
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