Assume you have purchased a contract for 25,000 British pounds for $35,000. Your margin requirement is $2,000. If the value of a pound increases by 0.01, what is your percentage profit? a) 10% b) 12.5% c) 15% d) 8% e) None of the above.

Entrepreneurial Finance
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ISBN:9781337635653
Author:Leach
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Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
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Assume you have purchased a contract for 25,000 British pounds
for $35,000. Your margin requirement is $2,000. If the value of a
pound increases by 0.01, what is your percentage profit?
a) 10%
b) 12.5%
c) 15%
d) 8%
e) None of the above.
Transcribed Image Text:Assume you have purchased a contract for 25,000 British pounds for $35,000. Your margin requirement is $2,000. If the value of a pound increases by 0.01, what is your percentage profit? a) 10% b) 12.5% c) 15% d) 8% e) None of the above.
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