You take a short position in 16 contracts of January wheat futures contracts at the price...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You take a short position in 16 contracts of January wheat futures contracts at the price of 432.99 with a margin of 4.85 percent. You close your position at the closing price. What is your return? Answer should be formatted as a number with 0 decimal places (e.g. 999). Contract Jan, Corn, 5,000 bu, cents/bu Jan, Wheat, 5,000 bu, cents/bu Open High Low Close 700.22 803.9 657.88 700.81 456.6 521.93 421.69 472.23 You take a short position in 16 contracts of January wheat futures contracts at the price of 432.99 with a margin of 4.85 percent. You close your position at the closing price. What is your return? Answer should be formatted as a number with 0 decimal places (e.g. 999). Contract Jan, Corn, 5,000 bu, cents/bu Jan, Wheat, 5,000 bu, cents/bu Open High Low Close 700.22 803.9 657.88 700.81 456.6 521.93 421.69 472.23
Expert Answer:
Answer rating: 100% (QA)
We need to calculate the profit or loss on the short position in wheat futures contracts First le... View the full answer
Related Book For
Organic Chemistry
ISBN: 9788120307209
6th Edition
Authors: Robert Thornton Morrison, Robert Neilson Boyd
Posted Date:
Students also viewed these accounting questions
-
You take a short position in one Chicago Board of Trade Treasury bond futures contract with a face value of $100,000 at the price of 96 6/32 (or 96-6). The face value of a Treasury bond is $100. The...
-
At time zero you enter a short position in futures contracts on 20 shares of the stock XYZ at the futures price of $50.00. Moreover, you sell (write) 5 "exotic" options of the following type: they...
-
A hedger takes a short position in five T-bill futures contracts at the price of 98 5/32. Each contract is for $100,000 principal. When the position is closed, the price is 95 12/32. What is the gain...
-
Various streptococci and lactobacilli were traditionally grouped together as lactic acid bacteria because of their characteristic fermentation. Most of them were found to have a DNA Guanine plus...
-
Fuhlmer, Inc., is in the process of preparing its annual financial statements. Fuhlmer, Inc., is a large citrus grower located in central Florida. The following is a discussion between Jason Kirk,...
-
Is there an expense, deduction or tax credit that currently does not exist, but you feel should exist? Give this tax credit a name and describe it: . Who should benefit from it? . Under what...
-
The case history in this section of the book discussed a large two-pole motor, operating on a 60 Hz-power, sleeve-bearing machine with high axial vibration at 7,200 cpm. The motor was 2,500 hp, and...
-
Stillwater Designs rebuilds defective units of its S12L7 Kicker speaker model. During the year, Stillwater rebuilt 5,000 units. Materials and labor standards for performing the repairs are as...
-
Given a Latitude of 30d North and a longitude of 120d West and using the WGS-84, determine the {X,Y, Z} coordinates. 1. Find the flattening and eccentricity 2. Calculate N(a) 3. Calculate X 4....
-
Prove the following analogs to Stein's Lemma, assuming appropriate conditions on the function g. (a) If X ~ gamma(α, β), then E(g(X)(X-aβ)= βE...
-
How does an air mattress protect a stunt person landing on the ground after a stunt? a It lengthens the stopping time of the stunt person and reduces the force applied during the landing. b It...
-
The table below shows the durations and planned costs of each activity of an IT project. The project has been running so far for 12 weeks. Soon after the start of the project the union enforced new...
-
University of Iowa Athletics has learned that a small liberal arts college in northeastern Iowa is using its logo, without permission, on several of their marketing materials and website. Based on...
-
List the ways in which your organization is involved with intellectual property. You do not have to provide any trade secrets or specifics, but speak to where intellectual property is important to...
-
Lakeland Manufacturing Company has a patent on a high-pressure hydraulic valve. The valve is a major improvement in high-pressure hydraulic systems, and Lakeland has enjoyed a monopoly position in...
-
The table below illustrates the trend in Non-Performing Loans (%) Sept 2018 20.03 Mar 2018 June 2018 22.58 22.56 Dec 2018 18.19 a. Explain the following banking terminologies related to credit. i....
-
What is the concept of separation of powers and how does it function in a democratic system?
-
Write a program to move a signed number from smaller register to bigger register. Hint: movzx ax, bl Topic: Data Related Operators and Directives in assembly language
-
Show that, if S is modeled by the Merton-Black-Scholes model, then S and its futures price have the same volatility.
-
If 1 microspatula of salicylic acid has a mass of approximately 0.2 g, calculate the mass of aspirin that should be formed.
-
Show that the process M(t) := W2(t) t is a martingale, that is, that E[M(t)M(s)] = M(s) for s t.
-
A 50 -W incandescent light bulb emits about \(5.0 \mathrm{~W}\) of visible light. (The rest is converted to thermal energy.) If a circular aperture \(5.0 \mathrm{~mm}\) in diameter is placed \(1.0...
-
Consider the diffraction pattern shown actual size in Figure 34.40. If the pattern was formed by light from a \(623-\mathrm{nm}\) (red) laser passing through a single narrow slit and the screen on...
-
Eyeglass lenses made of crown glass \((n=1.52)\) are given a thin coating of magnesium fluoride \((n=1.38)\) to minimize reflection of light from the lens surface. What is the minimum coating...
Study smarter with the SolutionInn App