FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assuming today's settlement price (close price on a euro futures contract is $1.3140/Euro. You have a long position in one contract of E125,000. Your account

Assuming today's settlement price (close price on a euro futures contract is $1.3140/Euro. You have a long position in one contract of E125,000. Your account currently has a balance of $1,700. The next two days settlement prices are $1.3126 and 1.3133. Calculate the change in your account from daily marking-to-market and the daily account balance.

please show all work.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Reporting Standards An Introduction

International Financial Reporting Standards An Introduction

Authors: Belverd E. Needles, Marian Powers

3rd Edition

1133187943, 978-1133187943

More Books

Students also viewed these Finance questions

Question

Sean has a chequing account which gives him 3 free ATM transactions per month at his bank's ATMs, and the additional fee is $0.25. Also, he gets charged $2.50 per ATM transaction at machines that do...

Answered: 1 week ago

Question

Maritza plays in softball league she wants to know about how many players in the league also play basketball because there are 225 players in the league she crossed the name of 45 of the players and...

Answered: 1 week ago

Question

1. You have a long position in one futures contract at 32.50/$. (The contractual size of one dollar contract is $1,000). Your margin account currently has a balance of 2,000 and the maintenance level...

Answered: 1 week ago

Question

★★★★★
How does Apple Inc apply Marketing and Advertising To market their product? Direct advertising Indirect Advertising Social Media (Paid Media, Owned Media, Earned Media)

Answered: 1 week ago

Question

★★★★★
Find the Yield to Maturity for a bond that is currently selling at $1,090 and has the following characteristics: (a) NPER30 and (b) Coupon Payments--$70 Using Excel's RATE() function: NPER...30 (This...

Answered: 1 week ago

Question

★★★★★
4-4. What are cultural clusters?

Answered: 1 week ago

Question

★★★★★
2. Identify the faculty members in your psychology department whose backgrounds are in experimental, developmental, social, cognitive, or biopsychology. Select one whose research area interests you...

Answered: 1 week ago

Question

★★★★★
The accountant for Sierra Corp. prepared the following schedule of liabilities as of December 31, 2011. Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★
The yield of a certain process is 80% as to the main product, 15% as to the by-product and 5%, to the process loss. The material put in the process (7500 Units) cost OMR 18.50 per unit and all other...

Answered: 1 week ago

Question

★★★★★
Find a, b, and c for the function f(x) = a sin(bx c) such that the graph of f matches the m = Find a, b, and c for the function f(x) = a sin(bx - c) such that the graph of

Answered: 1 week ago

Question

★★★★★
its in-coming taxi Sh. H. Mukherjee constructed a building on 30th June, 2011. It had two flats of equal dimensions. One flat was let out to a tenant for residential purpose on a monthly rent of Rs...

Answered: 1 week ago

Question

★★★★★
Which of the following constitute barriers to training evaluation? a. Too much trainer expertise and lack of stakeholder interest or accountability. b. Ability to access key stakeholders and...

Answered: 1 week ago

Question

★★★★★
Find and post an article, video, or interview on why Compliance is important in an organization. Explain why you selected the particular document or materials.

Answered: 1 week ago

Question

★★★★★
What was the positive value of Max Weber's model of "bureaucracy?"

Answered: 1 week ago

Question

★★★★★
NHIKNHAK Enterprises has determined the cost of manufacturing a unit of product as follows, based on normal production of 60,0000 units per year: Direct materials Direct labor Variable factory...

Answered: 1 week ago

Question

★★★★★
The shares of two companies, K and L have the following expected returns. If I have a portfolio made up of 60% K and 40% L, my expected return will be HOW MUCH ?: PROB. RETURN K. RETURN L 0.3. 20%....

Answered: 1 week ago

Question

★★★★★
What is the back work ratio? What are typical back work ratio values for gas-turbine engines?

Answered: 1 week ago

Question

★★★★★
19. When Alexandra gets in a fight with her partner, she stomps her feet, covers her ears, and refuses to listen. Alexandras behavior best illustrates the defense mechanism called . a. regression b....

Answered: 1 week ago

Question

★★★★★
4. Develop a formal time schedule to better manage your time. First create a chart showing all the hours in a day and all the days of the week. Block out all those times that are already committed,...

Answered: 1 week ago

Question

★★★★★
18. Florangel feels really stressed. Her child was up most of the night coughing. She has a major project due for her Economics course, and she is not sure if she will have enough money to pay her...

Answered: 1 week ago

Previous Question Next Question