Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a client went short 5 Mar crude @ $50.00 and closed his position @ $53.00 Contract Name: Crude oil mar contract Contract Size: 1000

If a client went short 5 Mar crude @ $50.00 and closed his position @ $53.00

Contract Name: Crude oil mar contract

Contract Size: 1000 barrels

Minimum price increment: $0.01

Margin Requirement: $5000

Current price: $50 per barrel

a.

Loss $3,000

b.

Loss $15,000

c.

Profit $15,000

d.

Profit $3,000

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

Bond Markets Analysis And Strategies

Authors: Frank J. Fabozzi

4th Edition

0130402664, 9780130402660

More Books

Students also viewed these Finance questions

Question

=+For a different audience? In another tone of voice?

Answered: 1 week ago

Question

=+Can it illicit audience participation?

Answered: 1 week ago

Question

=+Create an open dialogue among users?

Answered: 1 week ago