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Last month, you bought one March GBP futures contract at the closing rate of $1.2400. Assume that the maturity date of this contract is today,
Last month, you bought one March GBP futures contract at the closing rate of $1.2400. Assume that the maturity date of this contract is today, March x, 2020. If the spot rate today (at expiration) is $1.2250, how much money did you gain or lose on your futures contract. Assume that the size of one GBP futures contract is £62,500.
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ANS WER You would have lost money on your futures contract to the tune ...
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
