Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You shorted 8 September 2019 Swiss franc futures contracts at the high price for the day. Looking back at Figure 14.1 , if you closed

You shorted 8 September 2019 Swiss franc 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?

image text in transcribed
Futures Prices (April 10, 2019) FIGURE 14.1 Futures Contractsws.com/commodities Mette Future C Open Oy O Apr TE IN 11 Ae 040 140 13200 or ME GO SE O HEI BEI 1304 11100 UN 2010 137 ALLE ON 3 031 ENIGE 166.40 09 Now 01. 10 PM o . WE Interest Rate hares TONE HITO ere Ae 012205 17.00 3. STROON 200 w 11520 HS re 2009 9.30 CB THE 33 DOORN Day Y ST - 003 MOV NO CUS WE 04 ICT) 104.406 10477 10 EN Are BIMBO AME ST AR T40 141 sest 9770 De 002417- 23 9400 450015 974 SI are A Currency Future AMOVIDOR 010 NES TOGE sos 0010 DE w SOT 3518 LED I BE CH CROC 0041 LO L-0033 Canadian Dollar CE-CAD 06.000 per CAD An To 3514 PICE2.00: SE nd 1093 1 wwICHE-C.CH 10067 DOTS 100 10122 10130 A Dolar CD AUD 100,000 per AUD ADE 3116 716 May 7123 7179 7111 7120 Sept 3146 7100 7140 D 10 718) M20 7172 T Mexican Peso CME MON 00.000 1 MON Ant 0922 June 0522 1249 22 COCOS.000 April 11271 12 11241 1 LI 7173 5042 7203 DO 004 20 1.000 000 16 15.24 com 11.7 CO May 422 44 GABI 30 40 YA 1. 64.13 4. 78 109,211 440 R2 15401 Dec A 6:40 CH 19.20 1611073 NY SONY-42.000 20510 2.00 204 200 2017 20010 20520 2.0012 77 GROSIN.000 30 POR A 201062 0902 SO 2030 A 2.0.2 NG INYM, 10.000 MM Mary 2706 2720 2 2.100 001 1871 2.14 27 24 003 167.00 2.05 2:54 2001 003 12.04 2012 2049 2013 2017 001 T400 fept 227 2843 20 2331 Os 2843 2.31 2000 2010 001 95.00 Agriculture Future CINTL.000 My 3603M35 MODO 36175 175 53.542 N 36 37 370.75 22 50 OICOT) 5.000 cent per May 262.00 22.00 277.00 279.00 -225 2100 AY 23426210 2727 100 ES Soybean). My 9.50 935 200 3.25 2673 My 9159170 1035 360 361722 Seyran MCT) Mary 30910 311.00 3000 310.10 100 1421 112.0 11470 11220 3130 1.00 149225 Soybean ICT 60.000 May 20.00 2011 2881 03 MY 29 29:41 2018 03. T-2000 perc Mary 103200 101 1023:50 -500 MY 1. 1001 104300 TS -2 2.190 When ICET) 5000 buc May 499.00 4613 58.00 -150 151124 465 4645 400 -250 WC-6000 per 4000 424 4266 -13 1701 40425 43150125 -2.25 35.369 WheMLS6000 May 62100 S. 7.25 27 53160541.25 53100 3700 575 21816 Cat de CMES.000 per AB 4.25 145.00 175 -5 157600 157.00 154.450 17.00 315 1816 Cette CM) 40.000 eura 125 126 125 S 125.75 22 20. 150 120.0 11000 1100 400 HACHE 40.000 An TS 29.12 786) 78 000 315 An 34000 . 3335 1300 CM.00 RSD May 3420 3300 14:40 220 2460 54610 3400 100 30 1016 MINCE 200.000 Apr 15 159 15.81 15.1 02 May 1514 1588 1523 tual May 2.09 2449 2.41 2.44 21.10 1425 2.1 240 5 CUS. hy HO 3310 1040 20 60 75 ugar.000 2.78 12:03 12.30 tat 120 de 200.400 2.000 1690 1.00 21.00 3 27 77 10 714 w I 050 000 0251 0920 E WHE 0991 SLES ERE 2600 361 2013 2100294 IBCT O 04200 TS 20.50 200 1200 JE Index Future MIDA CBT83 26144 2001 HP OM 2000 28580 550 MIN BLOMSON 2882.00 2.25 Sei 288736 0100 LP Midcap 400 CM-300 Am 1812201 M100 CME-620 Are TOS TOA 2000 EUR 1100 1542 10 MEU 11 10 10.40 u Dude 1000 une W.0034 OSTI ON 775 EINE 40 ON TE IND 10 000 60 15.04 20 181 Futures Prices (April 10, 2019) FIGURE 14.1 Futures Contractsws.com/commodities Mette Future C Open Oy O Apr TE IN 11 Ae 040 140 13200 or ME GO SE O HEI BEI 1304 11100 UN 2010 137 ALLE ON 3 031 ENIGE 166.40 09 Now 01. 10 PM o . WE Interest Rate hares TONE HITO ere Ae 012205 17.00 3. STROON 200 w 11520 HS re 2009 9.30 CB THE 33 DOORN Day Y ST - 003 MOV NO CUS WE 04 ICT) 104.406 10477 10 EN Are BIMBO AME ST AR T40 141 sest 9770 De 002417- 23 9400 450015 974 SI are A Currency Future AMOVIDOR 010 NES TOGE sos 0010 DE w SOT 3518 LED I BE CH CROC 0041 LO L-0033 Canadian Dollar CE-CAD 06.000 per CAD An To 3514 PICE2.00: SE nd 1093 1 wwICHE-C.CH 10067 DOTS 100 10122 10130 A Dolar CD AUD 100,000 per AUD ADE 3116 716 May 7123 7179 7111 7120 Sept 3146 7100 7140 D 10 718) M20 7172 T Mexican Peso CME MON 00.000 1 MON Ant 0922 June 0522 1249 22 COCOS.000 April 11271 12 11241 1 LI 7173 5042 7203 DO 004 20 1.000 000 16 15.24 com 11.7 CO May 422 44 GABI 30 40 YA 1. 64.13 4. 78 109,211 440 R2 15401 Dec A 6:40 CH 19.20 1611073 NY SONY-42.000 20510 2.00 204 200 2017 20010 20520 2.0012 77 GROSIN.000 30 POR A 201062 0902 SO 2030 A 2.0.2 NG INYM, 10.000 MM Mary 2706 2720 2 2.100 001 1871 2.14 27 24 003 167.00 2.05 2:54 2001 003 12.04 2012 2049 2013 2017 001 T400 fept 227 2843 20 2331 Os 2843 2.31 2000 2010 001 95.00 Agriculture Future CINTL.000 My 3603M35 MODO 36175 175 53.542 N 36 37 370.75 22 50 OICOT) 5.000 cent per May 262.00 22.00 277.00 279.00 -225 2100 AY 23426210 2727 100 ES Soybean). My 9.50 935 200 3.25 2673 My 9159170 1035 360 361722 Seyran MCT) Mary 30910 311.00 3000 310.10 100 1421 112.0 11470 11220 3130 1.00 149225 Soybean ICT 60.000 May 20.00 2011 2881 03 MY 29 29:41 2018 03. T-2000 perc Mary 103200 101 1023:50 -500 MY 1. 1001 104300 TS -2 2.190 When ICET) 5000 buc May 499.00 4613 58.00 -150 151124 465 4645 400 -250 WC-6000 per 4000 424 4266 -13 1701 40425 43150125 -2.25 35.369 WheMLS6000 May 62100 S. 7.25 27 53160541.25 53100 3700 575 21816 Cat de CMES.000 per AB 4.25 145.00 175 -5 157600 157.00 154.450 17.00 315 1816 Cette CM) 40.000 eura 125 126 125 S 125.75 22 20. 150 120.0 11000 1100 400 HACHE 40.000 An TS 29.12 786) 78 000 315 An 34000 . 3335 1300 CM.00 RSD May 3420 3300 14:40 220 2460 54610 3400 100 30 1016 MINCE 200.000 Apr 15 159 15.81 15.1 02 May 1514 1588 1523 tual May 2.09 2449 2.41 2.44 21.10 1425 2.1 240 5 CUS. hy HO 3310 1040 20 60 75 ugar.000 2.78 12:03 12.30 tat 120 de 200.400 2.000 1690 1.00 21.00 3 27 77 10 714 w I 050 000 0251 0920 E WHE 0991 SLES ERE 2600 361 2013 2100294 IBCT O 04200 TS 20.50 200 1200 JE Index Future MIDA CBT83 26144 2001 HP OM 2000 28580 550 MIN BLOMSON 2882.00 2.25 Sei 288736 0100 LP Midcap 400 CM-300 Am 1812201 M100 CME-620 Are TOS TOA 2000 EUR 1100 1542 10 MEU 11 10 10.40 u Dude 1000 une W.0034 OSTI ON 775 EINE 40 ON TE IND 10 000 60 15.04 20 181

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

Step: 3

blur-text-image

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 Compensation Committee Handbook

Authors: James F. Reda, Stewart Reifler, Michael L. Stevens

4th Edition

1118370619, 978-1118370612

More Books

Students also viewed these Finance questions

Question

3. What are the major stimuli for change in the MSS environment?

Answered: 1 week ago