Question
Jamie Rodriguez, a currency trader for Chicago-based Ventosa Investments, uses the following futures quotes on the British pound () to speculate on the value of
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Jamie Rodriguez, a currency trader for Chicago-based Ventosa Investments, uses the following futures quotes on the British pound () to speculate on the value of the pound. If Jaime buys 5 June pound futures, and the spot rate at maturity is $1.3790/, what is the value of her position? (Contract size = 62,500 pounds)
British Pound Futures, US$/pound (CME) Contract = 62,500 pounds Open Maturity Open High Low Settle Change High Interest March 1.4246 1.4268 1.4214 1.4228 0.0032 1.4700 25,605 June 1.4164 1.4188 1.4146 1.4162 0.0030 1.4550 809
A. $11,625
B. -$11,625
C. -$2,737.5
D. $13,687.5
Jamie Rodriguez, a currency trader for Chicago-based Ventosa Investments, uses the following futures quotes on the British pound () to speculate on the value of the pound. If Jaime buys 5 June pound futures, and the spot rate at maturity is $1.3790/, what is the value of her position? (Contract size = 62,500 pounds)
| British Pound Futures, US$/pound (CME) | Contract = 62,500 pounds | |||||||||||||
| Open | ||||||||||||||
| Maturity | Open | High | Low | Settle | Change | High | Interest | |||||||
| March | 1.4246 | 1.4268 | 1.4214 | 1.4228 | 0.0032 | 1.4700 | 25,605 | |||||||
| June | 1.4164 | 1.4188 | 1.4146 | 1.4162 | 0.0030 | 1.4550 | 809 | |||||||
| A. | $11,625 | |
| B. | -$11,625 | |
| C. | -$2,737.5 | |
| D. | $13,687.5 |
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Reinventing The CFO How Financial Managers Can Transform Their Roles And Add Greater Value
Authors: Jeremy Hope
1st Edition
1591399459, 978-1591399452
