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(Futures) You enter to short Japanese Yen 12,500,000 futures delivered in 6 months. The future price is F6 (¥/$)=116.9. If at the maturity, the spot rate is ¥93.2/$, and your position is still alive, then your profit(loss) is $_ _. (Two decimal places.)

(Futures) You enter to short Japanese Yen 12,500,000 futures delivered in 6 months. The future price is F6 (¥/$)=116.9. If at the maturity, the spot rate is ¥93.2/$, and your position is still alive, then your profit(loss) is $_ _. (Two decimal places.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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You Answered Correct Answer (Futures) You enter to short Japanese Yen 12,500,000 futures delivered in 6 months. The future price is F6(¥/$)=116.9. If at the maturity, the spot rate is ¥93.2/$, and your position is still alive, then your profit(loss) is $_ . (Two decimal places.) 1,451,284,217.28 -27,191.17 margin of error +/- 0.5
Transcribed Image Text:You Answered Correct Answer (Futures) You enter to short Japanese Yen 12,500,000 futures delivered in 6 months. The future price is F6(¥/$)=116.9. If at the maturity, the spot rate is ¥93.2/$, and your position is still alive, then your profit(loss) is $_ . (Two decimal places.) 1,451,284,217.28 -27,191.17 margin of error +/- 0.5
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