Question
If a JPY futures contract is for 12,500,000 yen, what is your daily cash flow in USD if you go short 3 contracts at 0.009812
If a JPY futures contract is for 12,500,000 yen, what is your daily cash flow in USD if you go short 3 contracts at 0.009812 and the contract settles at 0.009842 later that day?
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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