Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Omitron corp has sold 4 contracts of HUF (Hungarian Forint) 3 month futures at a proice of HUF 283 / $. what is omitrona profit

Omitron corp has sold 4 contracts of HUF (Hungarian Forint) 3 month futures at a proice of HUF 283 / $. what is omitrona profit in dollars, if the contract size is HUF 30,000,000 and the future spot rate turns out to be HUF 287 / $?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding ETF Options Profitable Strategies For Diversified Low Risk Investing

Authors: Kenneth R. Trester

1st Edition

007176030X, 0071760431, 9780071760430

More Books

Students also viewed these Finance questions