Question
Yesterday, you entered into a futures contract to buy 62,500 at $1.43 per . Suppose the futures price closes today at $1.48. How much have
Yesterday, you entered into a futures contract to buy 62,500 at $1.43 per . Suppose the futures price closes today at $1.48. How much have you made/lost?
A. Depends on your margin balance
B. You have made $3,125.00
C. You have lost $3,125.00
D. You have neither made nor lost money, yet.
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The Handbook Of Equity Market Anomalies
Authors: Leonard Zacks
1st Edition
0470905905, 978-0470905906
