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Exercise 3 (4 points) • Suppose that you open a position in the futures market: long 40 FED contracts (size of each equa
Posted: Mon Nov 15, 2021 5:04 pm
by answerhappygod
- Exercise 3 4 Points Suppose That You Open A Position In The Futures Market Long 40 Fed Contracts Size Of Each Equa 1 (52.35 KiB) Viewed 71 times
Exercise 3 (4 points) • Suppose that you open a position in the futures market: long 40 FED contracts (size of each equal to 20,000 EUR) at the price of 129 USD per 100 EUR. You will keep your position open for 4 days and then you close it out with a reverse transaction. Current spot exchange rate is 1.2900 EUR/USD (4) o Calculate gains and losses for this trade if you know the following figures: Day DO DI D2 D3 D: Settlement Price 129.00 130.21 131.84 127.70 128.95 Gain/Loss Total