Question: For Question 2 9 to Question 4 6 , refer to the information below which was partially captured from FTNN at some point in time

For Question 29 to Question 46, refer to the information below which was partially captured from FTNN at some point in time and partially hypothesized:
HSI index level today (t=0)
22688.90
Forward price (T=1 month)*
22759
Forward Contract Size**
1
Spot annualized 1-month interest rate
2.94% p.a.(continuously compounded)
Call option Premium (Strike =23000)
410
Put option Premium (Strike =23000)
719
Dividend yield
0%
Expected HSI index level 1 months later***
22900
*assume the forward price is the same as futures price quoted from the exchange
**assume that the forward has a contract size of 1, which is different from the futures' contract size
*** Expected HSI index level is just your expectation, the actual HSI index level could be higher or lower than this
A. What is your expected profit 1 month later if you have taken a long position on the stock at t=0?
B. What is your expected profit 1 month later if you have taken a short position on the stock at t=0?
*Please leave 2 d.p. for the answer.
C. What is your expected payoff 1 month later if you have taken a long position on the forward at t=0?
*Please leave 2 d.p. for the answer.
D. What is your expected profit 1 month later if you have taken a short position on the forward at t=0?
*Please leave 2 d.p. for the answer.

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