Question
You enter a long position in a future contract with the size of 125,000 today. The futures expire in 90 days. The interest rates
You enter a long position in a future contract with the size of 125,000 today. The futures expire in 90 days. The interest rates are i-5% and i=10.4%. The current spot rate is $1.38/. Assume 360 days a year. If the spot rate is $1.43/ the next day and interest rates remain the same, your profit or loss for this day is $ (Keep the sign and two decimal numbers.)
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
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