Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You shorted 11 June 2019 Australian dollar futures contracts at the high price for the day. Looking back at Figure 14.1, if you closed your

image text in transcribed
image text in transcribed
image text in transcribed
You shorted 11 June 2019 Australian dollar futures contracts at the high price for the day. Looking back at Figure 14.1, if you closed your position at the settle price on this day, what was your profit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Profit FIGURE 14.1 Futures Prices (April 10, 2019) Futures Contracts ws.com commodities Metal Petroleum Com Contact Open High New Songs Open rest Cap.DOCES C. 7763 51,158 My 55.000 130400130100 103 100 1000 - 10 Aug 2012070 13303300 112.2016 13095 SO 970 Der S30230 13000 20 entre outros CTS100.000 2010 187230 12.00 75 1200 300 TO00.000 plano SA 1220 121 SO 2004 1200 120.00 2.11 SCOT, 300.000 de oro 26.10 June 11161116.203 22.721 SCM6.000 1320 1525 16.20 17200 28200.000 1001400205 Crude OLLES 43410 Syedia) 5.000.000 0759 59000 222.00 re 40 00 MY ST 000 000.000 V an BE A WES 26 SES DER SER SIGN 00 WE ELE ve NUN 2000.5 2017 ONY-0.000 Am. 42 30417-15 235.14 44560 974400 94000 1400,74 w 3500 74350 NOM 37273 270 Curteney Future Aug 124 22. C. 901 www 000010 000 161103 CADCAO Agriculture Futures ConCO3.000.com My 2.500 per 215 Gus 6.000 1.2007 139 MW 2200 2000 2002 24 27475 100 100001 1922 1011 012-01 M 11 A Dollar AUD 300.000 AUD ST-100 744 T 0012 3001011100 08.30 71004) 35 7720 129042 7540 Soya CG.000.com 190041 50 M 2170 77 22:00 201 203 7203 0041 702 72560041 2000, can Spor 0006 10.00 661 000 WC500 MOC25.000 45000 127 128 1241 6.127 000 2,37 ES 30 N. 23.03.28 Index Futures ICHTS AN SO12 Cat Food IndieC250 how As Cartier CE40,000 150.000 11.00 206.50 200 201 2.2. 2011 2010 101010 Hoe CE-40.000 787 05 00 COM are007 753 75430 20:15 322 22.01220 2000-500 1946.000.00 1964 ICME300.000 1594 C C DEUS SVO 201 2008 -520 COEU 20 W A A RCE - 0 W m. Source: The Wall Street Journal om. Dow Joon Company the end Six Financial Information You shorted 11 June 2019 Australian dollar futures contracts at the high price for the day. Looking back at Figure 14.1, if you closed your position at the settle price on this day, what was your profit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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 Money Book Of Personal Finance

Authors: Richard Eisenberg

1st Edition

0446524298, 9780446524292

More Books

Students also viewed these Finance questions

Question

Explain what market segmentation is.

Answered: 1 week ago