(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 $_ (Two decimal places.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![(Futures) You enter to short Japanese Yen 12,500,000 futures delivered in 6 months. The
future price is F6(\/$)=116.9. If at the maturity, the spot rate is ¥93.2/$, and your position is
still alive, then your profit(loss) is $_ ______. (Two decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6491b3e0-e649-4c41-a513-7f4c6cd4e4be%2Fffe5f45d-2999-4c4c-abe9-f7034a639f67%2Fqbw1l47_processed.png&w=3840&q=75)
Transcribed Image Text:(Futures) You enter to short Japanese Yen 12,500,000 futures delivered in 6 months. The
future price is F6(\/$)=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.)
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