Norwegian Krone (CME) - 2,000,000 Kroner; $ per contract. MONTH CHART LAST CHANGE PRIOR SETTLE OPEN HIGH LOW VOLUME JUN 2023 NOKM3 0.09586 -0.00064 (-0.66%) 0.09650 0.09662 0.09662 0.09581 67 3. Given the above information, calculate the dollar value of a Norwegian Krone SEP 2022 futures contract. 4. You hold securities in Australia valued at AUD (Australian Dollar) 55 million. How many SEP AUD futures should be bought or sold to hedge the foreign exchange risk. SEP AUD futures contracts (AUD 100,000 per contract) settled most recently at AUD 1.4202/$.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Norwegian Krone (CME) - 2,000,000 Kroner; $ per contract.
MONTH
CHART
LAST
CHANGE
PRIOR
SETTLE
OPEN
HIGH
LOW
VOLUME
JUN 2023
NOKM3
0.09586 -0.00064 (-0.66%)
0.09650
0.09662
0.09662
0.09581
67
3. Given the above information, calculate the dollar value of a Norwegian Krone SEP 2022
futures contract.
4. You hold securities in Australia valued at AUD (Australian Dollar) 55 million. How
many SEP AUD futures should be bought or sold to hedge the foreign exchange risk.
SEP AUD futures contracts (AUD 100,000 per contract) settled most recently at AUD
1.4202/$.
Transcribed Image Text:Norwegian Krone (CME) - 2,000,000 Kroner; $ per contract. MONTH CHART LAST CHANGE PRIOR SETTLE OPEN HIGH LOW VOLUME JUN 2023 NOKM3 0.09586 -0.00064 (-0.66%) 0.09650 0.09662 0.09662 0.09581 67 3. Given the above information, calculate the dollar value of a Norwegian Krone SEP 2022 futures contract. 4. You hold securities in Australia valued at AUD (Australian Dollar) 55 million. How many SEP AUD futures should be bought or sold to hedge the foreign exchange risk. SEP AUD futures contracts (AUD 100,000 per contract) settled most recently at AUD 1.4202/$.
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