How much have you gained or lost
Course:- Finance Basics
Reference No.:- EM13298427

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Finance Basics

On 2 sept,the quoted price of the 90 day bank bill future contract maturing on 12 dec was 92.00. On 8 sept the price was 92.50 . Suppose that you sold fifteen 90 day bank bill future contract on 2 sept and closed out your position on 8 sept. Ignoring transaction costs,how much have you gained or lost?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
Identify and examine the effect of the payment of interest and the amortization of premium on December 31,2010 (the third year) and determine the balance sheet presentation
Are these betas in line with your expectations? Provide your reasoning. What does it mean if a stock has a beta equal to 1? What does it mean if a stock has a beta equal to
Glassware does not offer this discount to any of its other customers. Windoze accepts the offer, and as a result, a substantial number of small glass producers start exiting t
Cell Tower stock has a current market price of $43 a share. The one-year call on Cell Tower stock with a strike price of $44.5 is priced at $3 while the one-year put with a
Why would a sole proprietor/ partnership need to prepare a budget, and what type of budget would be needed? Explain the things that might be taken into consideration when pri
Thelma and Louie, Inc., started the year with a balance of retained earnings of $547 million and ended the year with retained earnings of $594 million. The company paid divi
Criminal Justice - The reliability of eyewitness testimony, or Determining what evidence reveals to you about a crime. The scientific method is useful in problem solving and d
Sit Well Corporation manufactured and sold 25,000 chairs this year. Total cost to manufacture per unit was $180. Sit well earned a 25% return on its investment of $6 million.