Question
Yesterday, you entered into a futures contract to buy 62,500 at $1.20 per . Suppose that the futures price closes today at $1.16. How much
Yesterday, you entered into a futures contract to buy 62,500 at $1.20 per . Suppose that the futures price closes today at $1.16. How much have you made/lost?
a. Depends on your margin balance
b. You have made $2,500.00
c. You have lost $2,500.00
d. You have neither made nor lost money, yet.
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
