Question
Yesterday, you entered into five futures contracts to buy the euro at $1.10 per . A futures contract specifies 125,000. Suppose the futures price closes
Yesterday, you entered into five futures contracts to buy the euro at $1.10 per . A futures contract specifies 125,000. Suppose the futures price closes today at $1.11. How much have you made/lost?
a. $1,387.50 gain
b. $1,387.50 loss
c. $6,250 gain
d. $6,250 loss
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
