Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please explain in EXCEL with formulas You took a long position in 10 Eurodilar futures contracts (June 2023 delivery) on 1/13/2021 at the price indicated

please explain in EXCEL with formulas image text in transcribed
You took a long position in 10 Eurodilar futures contracts (June 2023 delivery) on 1/13/2021 at the price indicated below. You met all margin calls, and did not withdraw any excess margin. All ED futures have a 90-day maturity and a notional principal of $1 million regardless of the delivery month. When the ED futures price increases by 1 basis point (98.35 to 98.36, for example), one long ED futures position gains $25, and one short ED futures position loses $25. A. Complete table 1 and provide an explanation of any fund deposited. B. How much is your total gain by the end of 1/21/2021? 90-day ED Sept 09 futures on 1/13/2021 Initial Margin Maintenance Margine TODAY A) Long Position Day (1) Futures Price Change (5) Gain / Losses (6) 98.54 $1,000 $800 1/13/21 10 contracts Beginning Funds Settlement Balance Deposited (3) Price (4) (2) 98.54 99.04 98.38 98.53 98.48 99.53 97 45 Ending Balance (7) Wednesday, January 13, 2021 Thursday, January 14, 2021 Friday, January 15, 2021 Monday, January 18, 2021 Tuesday, January 19, 2021 Wednesday, January 20, 2021 Thursday, January 21, 2021 You took a long position in 10 Eurodilar futures contracts (June 2023 delivery) on 1/13/2021 at the price indicated below. You met all margin calls, and did not withdraw any excess margin. All ED futures have a 90-day maturity and a notional principal of $1 million regardless of the delivery month. When the ED futures price increases by 1 basis point (98.35 to 98.36, for example), one long ED futures position gains $25, and one short ED futures position loses $25. A. Complete table 1 and provide an explanation of any fund deposited. B. How much is your total gain by the end of 1/21/2021? 90-day ED Sept 09 futures on 1/13/2021 Initial Margin Maintenance Margine TODAY A) Long Position Day (1) Futures Price Change (5) Gain / Losses (6) 98.54 $1,000 $800 1/13/21 10 contracts Beginning Funds Settlement Balance Deposited (3) Price (4) (2) 98.54 99.04 98.38 98.53 98.48 99.53 97 45 Ending Balance (7) Wednesday, January 13, 2021 Thursday, January 14, 2021 Friday, January 15, 2021 Monday, January 18, 2021 Tuesday, January 19, 2021 Wednesday, January 20, 2021 Thursday, January 21, 2021

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

Students also viewed these Accounting questions

Question

Explain the steps involved in training programmes.

Answered: 1 week ago

Question

What are the need and importance of training ?

Answered: 1 week ago

Question

What is job rotation ?

Answered: 1 week ago

Question

a. Describe the encounter. What made it intercultural?

Answered: 1 week ago