UNSW FINS1612 CAPITAL MARKETS AND INSTITUTIONS

Please provide the calculation steps!!!

62. est Calculate how much a futures trader who enters into a 99-day bank bill futures contract on 20 September with a reported price of $93.25 will need to pay on settlement date (39 September), if the face value of the underlying bill is $1 000 999. A. $857 310.63 B. $983 628.65 C. $984 822.93 D- $998 338.38 A company has an existing $999 009 promissory note facility, which it will roll over in 99 days. It is concerned that interest rates will rise before the roll-over date and enters into a 99-day bank-accepted bill futures contract at 92.59. Three months later, the company closes out its futures position at 91.75. Using the following data, calculate the prot or loss position of the futures transactions. (Disregard margin calls and transaction costs.) A. $1 691.58 prot B. $1 691.58 loss C. $1 779.54 prot D. $1 779.54 loss 89. A bank has been asked to provide a three-month forward AUDfU SD 'buy' quote for a corporate client The following information is available to the FX dealer at the bank: Spot rate: AUDfU SD 0365403659 US interest rates: 7.73% per annum Australian interest rates: 8.64% per annmn Estimate the three-month forward 'buy' rate. A. 0.763? B. 0.7639 C. 0.?642 D. 0.7644 81. A company will need to 'roll over'r its existing $599 000 funding arrangement in two months' time for a lrther 99 days. It is concerned that interest rates in the short-term debt market may rise in the mean time and decides to manage the risk exposure by entering into a forward rate agreement with its bank. The bank quotes a price (ZMVSM) of 9.45 to 39. In two months' time the reference rate (BBS'W) is 19.29% per annum. Calculate the settlement amount. A. $881.43 B. $1958.10 C. $1423.80 D. $3159.90