ООООО Yesterday, John entered into a futures contract to buy €62,500 at $1.55 per €. Suppose the futures price closes to

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

ООООО Yesterday, John entered into a futures contract to buy €62,500 at $1.55 per €. Suppose the futures price closes to

Post by answerhappygod »

1
1 (46.15 KiB) Viewed 19 times
ООООО Yesterday, John entered into a futures contract to buy €62,500 at $1.55 per €. Suppose the futures price closes today at $1.40. How much has John made/lost? John has lost $9,375.00. John has made $1,500.00 None of the options Depends on the margin balance. John has made $9,375.00.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”