Solution-Calculate total gain-loss in dollars

Calculate total gain-loss in dollars

Assignment Help Finance Basics

Reference no: EM132580137

Assume you have purchased one June Euro futures contract on January 7, 2019 at the price of $1.3623. The contract size is E125,000 with the initial margin of $2430.00.

A. Was your position on the futures a short or long position?

B. Explain how the CME group marked to market your position (your margin account) if the settlement price of the futures contract was $1.3598 on that day. Then what was your ending margin account?

C. Suppose you held this futures position until the expiration date (June 21,2019) and the final settlement price was $1.3566. Calculate your total gain/loss in dollars.

Reference no: EM132580137

Questions Cloud

Explain how the bank of england conducts : Explain how the Bank of England conducts a sterilized intervention to increase the value of the pound against the US dollar

Compute the companys price-earnings ratio : The companys share price is $12.66 and the company has 315,270 shares outstanding. Compute the companys price-earnings ratio up to two decimal places.

Explain how sound is produced by your school bell : How does the sound produced by a vibrating object in a medium reach your ear? Explain how sound is produced by your school bell

Compute the weighted-average number of common stock : Compute the weighted-average number of common stock shares outstanding as of December 31, 2020. September 1 Reissued 40,000 shares of treasury stock

Calculate total gain-loss in dollars : Assume you have purchased one June Euro futures contract on January 7, 2019 at the price of $1.3623. The contract size

Create risk mitigation plan in microsoft word : Create a risk mitigation plan in Microsoft Word to ensure that KBL has documentation to complete the acquisition.

Type of loss covered : Insurance, including all of the types of insurance listed below in #1 and all of the insurance factors below in #2.

Illustrate diluted earnings per share : Compute diluted earnings per share for 2019. Compute basic earnings per share for 2019. Kearney Company's net income for 2019 was $600,000.

Discusses the severity of the core problem : Identifies core problem of the case with applicable rationale and evidence. Discusses the severity of the core problem.

User Account

All Pages

Calculate total gain-loss in dollars

Reference no: EM132580137

Reference no: EM132580137

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT