Question
Consider the Part exchange. Each Part contract has a market value of $20 and a notional value of $100. Over one day, the following trades
Consider the Part exchange. Each Part contract has a market value of $20 and a notional value of $100. Over one day, the following trades occur:
*A long, B short 5 contracts
*B long, C short 5 contracts
What is the notional value of open interest?
A.) $100
B.) $0
C.) $500
D.) $1,000
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
