Question
Paribas Inc bought a 3-month yen futures contract at an exchange rate of 0.0085SF/ and in a few weeks, the exchange rate on the futures
Paribas Inc bought a 3-month yen futures contract at an exchange rate of 0.0085SF/ and in a few weeks, the exchange rate on the futures was at 0.0088SF/, when they sold the futures. If each futures contract is for an amount of 10,000,000, in Swiss Francs (SF) how much money did they gain or lose from this speculation with futures? (No currency labels are necessary, answer without decimal places)
Given that a yen call is sold (written) with a strike of 120.00/$ at a premium of 0.0125 cents per yen and the option is for 12,500,000, what is the profit or loss if the spot at maturity is 115.00/$? (No currency labels are necessary, answer in dollars and round to two decimal places)
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