Using the quotations in Exhibit 7.3, calculate the face value of the open interest in the September

Question:

Using the quotations in Exhibit 7.3, calculate the face value of the open interest in the September 2010 Swiss franc futures contract.

Exhibit 7.3

CME Group Currency Futures Contract Quotations EXHIBIT 7.3 Change Open interest High Low Settle Open Currency Futures Ja

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...