Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I will upvote right away if answered correctly. Assume you $18,567 in equity in your account, including a long position of 7 contracts of December
I will upvote right away if answered correctly.
Assume you $18,567 in equity in your account, including a long position of 7 contracts of December wheat purchased at 487.4 cents per bushel. At close today, it was quoted at 527.3 cents per bushel. If these are standard contracts ( 5000 bushels), what is the new equity balance in the account, after it was marked-to-market? Question 12 4 pts What is the hedge ratio for a jeweler trying to hedge inventory of 235 troy ounces of rhodium, assuming that she uses palladium futures as a hedge. Assume that the is .859 and the for palladium is .2376 and the for rhodium is .5730Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started