Homework Answers
One Corn Future Contract = 5000 bushels of corn
Initial Price = Listed Future Price for May 17 Corn Future = $ 4.02 / Bushel and Final Price = $ 4.22 / bushel
Therefore, Total Profit = (4.22 - 4.02) x 5000 = $ 1000
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Table 2.8 Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 Maturity...
Suppose you buy one contract for Jul-16 delivery. If the contract closes in Jul-16 at a...
Suppose you buy one contract for Jul-16 delivery. If the
contract closes in Jul-16 at a level of 3.89, what will your profit
be? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
Table 2.8 Maturity Date Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 July 2016 September 2016 December 2016 March 2017 May 2017 July 2017 $3.81 3.83 3.88 3.96 4.02 4.07 Source: www.cmegroup.com.
Problem 2-25 Look at the futures listings for corn in Figure 2.11, Suppose you buy one...
Problem 2-25 Look at the futures listings for corn in Figure 2.11, Suppose you buy one contract for March 2017 delivery at the closing price. If the contract closes in March at a price of $3.99 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) Profit Maturity LAST C HG HIGH FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, April 18, 2017 Source:...
Suppose you purchase the May 2017 call option on corn futures with a strike price of...
Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.70. Assume you purchased the option at the last price of the day. Use Table 23.2 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost of your position? Assume each contract is for 5,000 bushels. (Do not round intermediate calculations and...
Suppose you purchase the May 2017 put option on corn futures with a strike price of...
Suppose you purchase the May 2017 put option
on corn futures with a strike price of $3.60. Assume your purchase
was at the last price. Use Table 23.2 a. How much does your option
cost per bushel of corn? (Round your answer to 5 decimal places,
e.g., 32.16161.) b. What is the total cost for one contract? Assume
each contract is for 5,000 bushels. (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.) c....
Suppose you purchase the May 2017 call option on corn futures with a strike price of...
Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.85. Assume you purchased the option at the last price if the day. Use Table 23.2 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c....
Suppose you purchase a May 2017 coffee futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if coffee prices turn out to be $1.4567 pe...
Suppose you purchase a May 2017 coffee futures contract on this
day at the last price of the day. Use Table 23.1
What will your profit or loss be if coffee prices turn out to be
$1.4567 per pound 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.)
Table 23.1:
Sample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal &Petroleum Futures Contract Op en...
Refer to Table 10-6 Price quotes are stated in 1/64ths a. How many ExxonMobil October 2016...
Refer to Table 10-6 Price quotes are stated in 1/64ths a. How many ExxonMobil October 2016 $90.00 put options were outstanding at the open of trading on August 3, 2016? b. What was the closing price of a 10-year Treasury note December 13300 futures call option on August 3, 2016? c. What was the closing and dollar price of a December 2160 call option on the S&P 500 Stock Index futures contract on August 3. 2016? d. What was the...
Suppose you buy one contract for Jul-16 delivery. If the
contract closes in Jul-16 at a level of 3.89, what will your profit
be? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
Table 2.8 Maturity Date Futures Price Corn futures prices on the Chicago Mercantile Exchange, May 10, 2016 July 2016 September 2016 December 2016 March 2017 May 2017 July 2017 $3.81 3.83 3.88 3.96 4.02 4.07 Source: www.cmegroup.com.
Problem 2-25 Look at the futures listings for corn in Figure 2.11, Suppose you buy one contract for March 2017 delivery at the closing price. If the contract closes in March at a price of $3.99 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) Profit Maturity LAST C HG HIGH FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, April 18, 2017 Source:...
Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.70. Assume you purchased the option at the last price of the day. Use Table 23.2 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost of your position? Assume each contract is for 5,000 bushels. (Do not round intermediate calculations and...
Suppose you purchase the May 2017 put option
on corn futures with a strike price of $3.60. Assume your purchase
was at the last price. Use Table 23.2 a. How much does your option
cost per bushel of corn? (Round your answer to 5 decimal places,
e.g., 32.16161.) b. What is the total cost for one contract? Assume
each contract is for 5,000 bushels. (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.) c....
Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.85. Assume you purchased the option at the last price if the day. Use Table 23.2 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c....
Suppose you purchase a May 2017 coffee futures contract on this
day at the last price of the day. Use Table 23.1
What will your profit or loss be if coffee prices turn out to be
$1.4567 per pound 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.)
Table 23.1:
Sample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal &Petroleum Futures Contract Op en...
Refer to Table 10-6 Price quotes are stated in 1/64ths a. How many ExxonMobil October 2016 $90.00 put options were outstanding at the open of trading on August 3, 2016? b. What was the closing price of a 10-year Treasury note December 13300 futures call option on August 3, 2016? c. What was the closing and dollar price of a December 2160 call option on the S&P 500 Stock Index futures contract on August 3. 2016? d. What was the...
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