Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please complete the changes to your daily margin account if you had a LONG POSITION. What is the gain or loss after 3 days on

image text in transcribed

Please 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 12500000 CME YEN FUTURES CONTRACT SIZE YEN 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 ? Please 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 12500000 CME YEN FUTURES CONTRACT SIZE YEN 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

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

Public Finance Administration

Authors: B. J. Reed, John W. Swain

2nd Edition

0803974051, 978-0803974050

More Books

Students also viewed these Finance questions