Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please follow the example and the figure to solve the question Example: Wm Refen'ing to Figure 14.1. whet is the total open interest on the

image text in transcribedimage text in transcribedimage text in transcribed

please follow the example and the figure to solve the question

Example:

image text in transcribedimage text in transcribedimage text in transcribed
Wm Refen'ing to Figure 14.1. whet is the total open interest on the June 2012 Japanese yenccnh'ect? Dcee itrepreeentieng positions. enertpeeitions, crbeth? Basedcnthe eettlepitcecnthecentrect. whatiethedollervelueoftecpen Interest? ThetotalopcninteteatonlheJImeZOIZIapaneeechia 140,864 conicts Thiststhenmnbercfmnm.ElchconmhualmgandnehNLwtheopcninm representseitherthemnnbetcflongpmiomcrthenumbncfehmtposicm. Each contract cells for the delivery $812,500,000 Theaettlepricccntlteconmie$11589per100yen Price per contract = 51.2589! 100 x $12,500,000 = $157,362.50 140,864 mm the m dollar vnlue ia abut! (at arm xprice} 522,166.71 1.200. Problem 14-5 Using gure 14.1: a. What is the total open interest on the Des 212 hush-alien Dollars omtreot'i' Mom Dollars oonh'oots l:| b. Does it represent long positions. short positions, or both\"? (3' Lung positions 0 Short positions 0 Both 4:. Based on the settle price on the contrast. what is the dollar value of the open interest? [Do not round intermediate oalouletions. Round your answer to 2 decimal places. Omit. the '5" sign in your response.) Dollar value $ |:|

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

Case Studies in Finance Managing for Corporate Value Creation

Authors: Robert F. Bruner, Kenneth Eades, Michael Schill

7th edition

007786171X, 77861711, 978-0077861711

More Books

Students also viewed these Finance questions