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How do I do these 4 questions? Thank you very much. In regards to Q42 - that's all the information that is provided. Calculate the
How do I do these 4 questions? Thank you very much. In regards to Q42 - that's all the information that is provided.
Calculate the market value of a bank bill futures contract with a face value of exist1 000 000, a reported price of exist93.75 and 90 days to maturity. A. exist866 468.84 B. exist983 628.65 C. S984 822.93 D. exist998 461.28 Calculate how much a futures trader who enters into a 90 - day bank bill future contract on 20 September with a reported price of exist93.25 will need to pay on settlement date (30 September), if the face value of the underlying bill is exist1 000 000. A. exist857 310.63 B. exist983 628.65 C. exist984 822.93 D. exist998 338.38 A company has an existing exist900 000 promissory note facility, which it will roll over in 90 days. It is concerned that interest rates will rise before the roll - over date and enter, into a 90 - day bank - accepted bill futures contract at 92.50. Three months later, the company closes out its futures position at 91.75. Using the following data, calculate the profit or loss position of the futures transactions. (Disregard margin calls and transaction costs.) A. exist1 601.58 profit B. exist1 601.58 loss C. exist1 779.54 profit D. exist1 779.54 loss A funds manager manages a diversified Australian share portfolio, but is concerned that stock prices in the market will fall over the next three months. The manager decides to hedge the risk by selling 100 S & P/ASX All Ordinaries Share Price Index futures contracts at 23.55. Three months later, when the manager closes out the position, the contract is trading at 24.10. Calculate the profit or loss position of the futures transactions. A. exist5500 loss B. exist24 100 profit C. exist137 500 loss D. exist550 000 profitStep by Step Solution
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