Yesterday you entered into a short position with a futures contract on 62,500 at $1 341 The initial margin is $5,000 Today the spot price is $1 255 What are your profits losses 430 5,375 margin of error 1 Yesterday you entered into a short position with a futures contract on 62,500 at $1 341 The initial margin is $5,000 Today the spot price is $1 255 What are your profits losses 5,375 margin of error 1

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Yesterday you entered into a short position with a futures contract on 62,500 at $1.341/. The initial margin is $5,000. Today the spot price is

Yesterday you entered into a short position with a futures contract on 62,500 at $1.341/. The initial margin is $5,000. Today the spot price is $1.255/. What are your profits/losses? -430 5,375 margin of error +/- 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Fixed Income Securities

Authors: Frank Fabozzi, Steven Mann

8th Edition

0071768467, 978-0071768467

More Books

Students also viewed these Finance questions

Question

★★★★★

Suppose that a system uses DMA for data transfer from disk controller to main memory. Further assume that it takes t1 nsec on average to acquire the bus and t2 nsec to transfer one word over the bus...

Answered: 1 week ago

Question

★★★★★

A survey is conducted from a population of people of whom 40% have a college degree. The following sample data were recorded for a question asked of each person sampled, Do you have a college degree?...

Answered: 1 week ago

Question

★★★★★

Explain the principles presented in Vygotskys theory of development, including criticisms of his theory.

Answered: 1 week ago

Question

★★★★★

Recovery Enterprises sells a product for $ 90 per unit. The variable cost is $ 60 per unit, while fixed costs are $ 45,000. Determine (a) The break-even point in sales units (b) The break-even point...

Answered: 1 week ago

Question

★★★★★

all the interrupts may be assigned different priorities, so that whenever an interrupt occurs while an interrupt handler is running, their priorities will be compared first, and the further action...

Answered: 1 week ago

Question

★★★★★

41) Sela sold a machine for $140,000. The machine originally cost $90,000 and $10,000 of MACRS depreciation had been allowable. The buyer assumed an existing loan of $40,000, paid $20,000 cash down...

Answered: 1 week ago

Question

★★★★★

There are three different methods commonly used for capturing network data. These are (1) using a network tap, (2) using a SPAN port on a switch, and (3) using a tool built into a network device...

Answered: 1 week ago

Question

★★★★★

Gross amount of invouce is $ 8 5 0 . there is no freight charge. date of invoice is 8 / 4 . terms of invoice are 3 / 1 0 , 2 / 1 5 and n / 3 0 . date of payment is 8 / 1 8 . find the cash discount....

Answered: 1 week ago

Question

★★★★★

A daily magazine stand contractor has newspaper stands along various stations on a train route. The demand for magazines is normally distributed and comes from three different forecasting models....

Answered: 1 week ago

Question

★★★★★

A photo frame production line operates 10 hours per day, 5 days per week and can produce 230 televisions per hour. In a typical day, employees have two 30-minute coffee breaks and one 1-hour lunch...

Answered: 1 week ago

Question

★★★★★

FAST DELIVERY SERVICES delivers packages in the city area and hires drivers to make deliveries. Variable costs has been budgeted and an average standard time has been established to make a delivery....

Answered: 1 week ago

Question

★★★★★

Carefully consider the appropriate measurement methods in given situations and be conscious of their shortcomings.

Answered: 1 week ago

Question

★★★★★

Carry out an interview and review its success.

Answered: 1 week ago

Question

★★★★★

Identify the issues involved in the choices that organisations make in their relationships with their employees.

Answered: 1 week ago

Previous Question Next Question