USD-EXR 525000 He Sample Questions: Options and Futures bid-anpared to the forwand market, in the foreign curreney futures market,transaction costs are b b. brokerage fees Compared to the forward maket, in the foreign currency futures market, trading is done via: a. telephone network b. an exchange case answer the next ten questions based on the closing December futures contr consecutive days in November. You sold two BP futures contract at the closing price on 11/01 futures contract requires the delivery of BP 62,500. Suppose, the in BP futures contract are $1,200 and $800, respectively. Assume that you do not withdraw from your margi s for BP for four each initial and maintenance margin for account during this period, but that you do meet your margin call if you get 11/01 $1.7579 $1.7750 11/04 51.7580 $1.7713 1 1/03 $1.7588 $1.7827 11/02 $1.7527 $1.7782 Date Closing BP Spot Price Closing December BP Futures Contract Price 3. Estimate the profit /loss posted to your account at the close of 11/02 a. $200 b.-$200 $400 c. - d. -$3,187.5 Estimate how much money you will have in your margin account at the close of the trading day on 11/02 -before you meet your margin calls, if you get any 4. a. $1,000 b. $1,400 c. $2,000 d. $2,800 What is the margin call you will receive at the close of the trading day on 11/02? 5. a. $2,400 b. $400 c. $200 d. SO 6. Estimate the profit/loss posted to your account at the close of 11/03 a. -$562.50 b.-$281.25 c. $281.25 d. -$2,987.50