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lease complete the changes to your daily margin account if you had a LONG POSITION. What is the gain or loss after 3 days on
lease complete the changes to your daily margin account if you had a LONG POSITION. What is the gain or loss after 3 days on the LONG POSITION?
| CME YEN FUTURES | CONTRACT SIZE | YEN 12,500,000 | |||
| MARGIN ACCOUNT | USD | 2000 | |||
| USD/Y100 | 0.8011 | ||||
| SHORT POSITION (SELL) | |||||
| USD/YEN100 | CHANGE | BALANCE | |||
| day 1 | 0.8057 | -575 | 1425 | ||
| day 2 | 0.7996 | 762.5 | 2187.5 | ||
| day 3 | 0.7985 | 137.5 | 2325 | ||
| GAIN/LOSS | 325 | ||||
| CME YEN FUTURES | CONTRACT SIZE YEN | 12500000 | |||
| MARGIN ACCOUNT | USD | 2000 | |||
| USD/Y100 | 0.8011 | ||||
| LONG POSITION (BUY) | |||||
| USD/YEN100 | CHANGE | BALANCE | |||
| day 1 | 0.8057 | ? | ? | ||
| day 2 | 0.7996 | ? | ? | ||
| day 3 | 0.7985 | ? | ? | ||
| GAIN/LOSS | ? | ||||
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Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
