q6)

long 4 futures contract. On April tit closes its futures position and purchases heating oil in the spot market. The April 1" futures price is 112 per barrel and the spot price is 113 per barrel. What is the effective purchase price that the manufacturer pays for heating oil? The futures contract for copper is for delivery of 10 tons in three months' time. Today's closing futures price is 50 per ton and spot price is 55 per ton. The initial margin is 145 and the maintenance margin is 110 per contract. A copper trader goes short three contracts at today's closing price. What futures price tomorrow will give rise to a margin call on the trader's margin account? 7. The spot exchange rate for US dollars is 0.85. The eighteen month interest rate for US dollar accounts www whereas the eighteen month interest rate of Euro-currency accounts is 6% per ammum. for deliver in ciuteen months