Question
Fred sells one March futures contract for 500,000 pesos at a price of 0.095US$ / Ps. What is the profit or loss on the contract
Fred sells one March futures contract for 500,000 pesos at a price of 0.095US$ / Ps. What is the profit or loss on the contract assuming a spot rate of 0.10958US$ / Ps when the contract matures?
| Profit of US$7290 | ||
| Profit of 500,000 Pesos | ||
| Loss of US$7290 | ||
| Loss of 500,000 Pesos |
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
