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need questions 1-4 thank you ! Q1. Om NOV 11, firm XYZ had a contract to buy 1 million units of Natural Gas (NG) on

need questions 1-4 thank you !
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Q1. Om NOV 11, firm XYZ had a contract to buy 1 million units of Natural Gas (NG) on FEB 152022 . One NG futures on NYMEX is for 10,000 NG units. The firm uses h=1 to hedge this contract. On NOV 11, 0221 the spot market price of NG was $4.95/ unit while the MAR 2022 futures price is \$4.65/unit. Suppose that on FEB 15, 2022 the spot price turned out to be \$4.50/unit and the MAR 2022 futures price on FEB 15, 2022 turned out to be $4.40 /unit. Show a complete time table to analyze the hedge and calculate the end result of the hedge. Indicate whether the hedge was successful or not. Q2. Now, instead of the contract to buy, firm XYZ from Q1 has a contract to sell 1 million units of Natural Gas (NG) on FEB 15 2022. One NG futures on NYMEX is for 10,000 NG units. The firm uses h=1 to hedge this contract. On NOV1,2021 the spot market price of NG was $4.95/ unit while the MAR 2022 futures price is $4.65 / unit. Suppose that on FEB 15,2022 the spot price turned out to be $4.50/ unit and the MAR 2022 futures price on FEB 15, 2022 turned out to be $4.40 /unit. Show a complete time table to analyze the hedge and calculate the end result of the hedge. *Indicate whether the hedge was successful or not. Q3. On NOV 3,2022 refinery RR sign a contract to purchase 100,000 barrels of crude oil from XYZ on MAR 14, 2023 at the spot price on that date. RR uses the APR 2023 WTI futures on NYMEX F10,3.2022;4,2023=$94.56/ barrel to hedge this trade with a hedge ratio h=1. One NEMEX WTI contract covers 1,000 barrels. RR buys the 100,000 barrels on MAR 14, 2023 for the spot price of $100.34/ barrel and closes its hedge at the APR futures price F3,14,2023;4,2023=$99.67/ barrel. Show The complete time table that describe this hedge and calculate the price paer barrel that RR paid with the hedge. Q4. On NOV 3, 2022 RR also opened a basis swap with swap dealer in order to completely eliminate the basis risk from the hedge in Q3. Use our usual chart to show the basis swap and calculate the price RR paid with the hedge and the swap. Q1. Om NOV 11, firm XYZ had a contract to buy 1 million units of Natural Gas (NG) on FEB 152022 . One NG futures on NYMEX is for 10,000 NG units. The firm uses h=1 to hedge this contract. On NOV 11, 0221 the spot market price of NG was $4.95/ unit while the MAR 2022 futures price is \$4.65/unit. Suppose that on FEB 15, 2022 the spot price turned out to be \$4.50/unit and the MAR 2022 futures price on FEB 15, 2022 turned out to be $4.40 /unit. Show a complete time table to analyze the hedge and calculate the end result of the hedge. Indicate whether the hedge was successful or not. Q2. Now, instead of the contract to buy, firm XYZ from Q1 has a contract to sell 1 million units of Natural Gas (NG) on FEB 15 2022. One NG futures on NYMEX is for 10,000 NG units. The firm uses h=1 to hedge this contract. On NOV1,2021 the spot market price of NG was $4.95/ unit while the MAR 2022 futures price is $4.65 / unit. Suppose that on FEB 15,2022 the spot price turned out to be $4.50/ unit and the MAR 2022 futures price on FEB 15, 2022 turned out to be $4.40 /unit. Show a complete time table to analyze the hedge and calculate the end result of the hedge. *Indicate whether the hedge was successful or not. Q3. On NOV 3,2022 refinery RR sign a contract to purchase 100,000 barrels of crude oil from XYZ on MAR 14, 2023 at the spot price on that date. RR uses the APR 2023 WTI futures on NYMEX F10,3.2022;4,2023=$94.56/ barrel to hedge this trade with a hedge ratio h=1. One NEMEX WTI contract covers 1,000 barrels. RR buys the 100,000 barrels on MAR 14, 2023 for the spot price of $100.34/ barrel and closes its hedge at the APR futures price F3,14,2023;4,2023=$99.67/ barrel. Show The complete time table that describe this hedge and calculate the price paer barrel that RR paid with the hedge. Q4. On NOV 3, 2022 RR also opened a basis swap with swap dealer in order to completely eliminate the basis risk from the hedge in Q3. Use our usual chart to show the basis swap and calculate the price RR paid with the hedge and the swap

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