Question
The CAC40 has a Sell price of 4998 and a Buy price of 5000. You open a long (Buy) CFD trade of 10 contracts, equal
The CAC40 has a Sell price of 4998 and a Buy price of 5000. You
open a long (Buy) CFD trade of 10 contracts, equal to 10 euros per
point. The price increases to a Sell price of 5010 and a Buy price of
5012. You close your trade. What is your profit (excluding fees)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the profit from the CFD trade we need to consider the difference ...
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Step: 2
Step: 3
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
