Homework Answers
1.
Loss of 3960.00
=6*100*(-1249.7+1243.1)=-3960.00
2.
Profit of 4320.00
=6*100*(-1235.9+1243.1)=4320.00
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Suppose you purchase a March 2017 oats futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if oats prices turn out to be $2.4713 per bushel at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.) Loss TABLE 23.1 Sample Wall Street Journal Futures Price Quotations Chg Open interest -0.0125 -0.0130 6 72...
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FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract...
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Refer to the Mini-S&P contract in Figure 22.1. Assume the
closing price for this day.
a. If the margin requirement is 29% of the
futures price times the contract multiplier of $50, how much must
you deposit with your broker to trade the December maturity
contract? (Round your answer to 2 decimal
places.)
b. If the December futures price were to
increase to 2,091.73, what percentage return would you earn on your
net investment if you entered the long side...
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Table 23.1:
Sample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal &Petroleum Futures Contract Op en...
Suppose you purchase a July 2011 soybean oil futures contract on
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