Question
Three days ago, you entered into one futures contract to sell 125,000 at $1.1800 per . Over the past three days, the contract has settled
Three days ago, you entered into one futures contract to sell 125,000 at $1.1800 per . Over the past three days, the contract has settled at $1.1850, $1.1875, and $1.1900. How much have you made or lost?
Group of answer choices
Lost $0.01 per or $1,250
Made $0.01 per or $1,250
Lost $0.005 per or $625
Made $0.005 per or $625
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Global Corporate Finance A Focused Approach
Authors: Kenneth Kim, Suk Kim
3rd Edition
9811207119, 9789811207112
