Homework Answers
=Contract size in Yen*(Day 1 settlement rate $/Y-Day 4
settlement rate $/Y)+Balance on Day 1
=12500000*(0.8011/100-0.7985/100)+2000
=2325.00000
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25 25 en vertroue On day 1 the settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/...
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