Question
You entered into a long forward contract a while back to buy 100 shares of BAC at $24.50 in 6 months. The current price of
You entered into a long forward contract a while back to buy 100 shares of BAC at $24.50 in 6 months. The current price of BAC is $25.25 and the stock is not expected to pay a dividend in the next 6 months. If the interest rate for this horizon is 4.5% how much has your position gained or lost? (PLEASE SHOW ALL WORK)
A. $19.25
B) $73.33
C) $75.00
D) $98.44
E) $129.51
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
