A trader buys an April futures contract on the VIX when the futures price is 18.3 and closes out the contract when the futures price is 19. Each contract is on 1,000 times the index. What is the gain of the trader? (required precision 0.01 +/- 0.01)
A trader buys an April futures contract on the VIX when the futures price is 18.3 and closes out the contract when the futures price is 19. Each contract is on 1,000 times the index. What is the gain of the trader? (required precision 0.01 +/- 0.01)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A trader buys an April futures contract on the VIX when the futures price is 18.3 and closes out the contract when the futures price is 19. Each contract is on 1,000 times the index. What is the gain of the trader?
(required precision 0.01 +/- 0.01)
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