Question
On date 0, an investor starts a short position in one futures contract on Bitcoin. One contract is for delivery of 5 Bitcoins. Following are
On date 0, an investor starts a short position in one futures contract on Bitcoin. One contract is for delivery of 5 Bitcoins. Following are the future prices on subsequent dates. What is the cumulative gain for the investor from date 0 through date 5? Assume that the risk-free rate is zero.
Date Bitcoin futures price ($ per 1 Bitcoin) 0 11,410 1 11,784 2 12,005 3 11,568 4 11,235 5 10,912
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Introduction To Financial Technology
Authors: Roy S. Freedman
1st Edition
0123704782, 9780123704788
