Homework Answers
As it is a long position, an increase in the price over the previous day will result in a profit.
profit/loss for the day = change in price * number of bu per contract * number of contracts
profit/loss for the day = 2.25 * 5000 * 20
profit/loss for the day = 2.25 * 5000 * 20
profit/loss for the day = 225,000 cents, or $2,250.00
a]
total open interest = 226,280
b]
Both.
Open interest includes total open contracts, both short and long
c]
dollar value of open interest = open interest * settle price * number of yen per contract / 100
(we divide by 100 because the price is quoted as $ per 100 yen
dollar value of open interest = 226,280 * 0.8127 * 12,500,000 / 100
dollar value of open interest = $22,987,219,500
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