Question: please follow the example and the figure to solve the question Example: Wm Refen'ing to Figure 14.1. whet is the total open interest on the



please follow the example and the figure to solve the question
Example:



Wm Refen'ing to Figure 14.1. whet is the total open interest on the June 2012 Japanese yenccnh'ect? Dcee itrepreeentieng positions. enertpeeitions, crbeth? Basedcnthe eettlepitcecnthecentrect. whatiethedollervelueoftecpen Interest? ThetotalopcninteteatonlheJImeZOIZIapaneeechia 140,864 conicts Thiststhenmnbercfmnm.ElchconmhualmgandnehNLwtheopcninm representseitherthemnnbetcflongpmiomcrthenumbncfehmtposicm. Each contract cells for the delivery $812,500,000 Theaettlepricccntlteconmie$11589per100yen Price per contract = 51.2589! 100 x $12,500,000 = $157,362.50 140,864 mm the m dollar vnlue ia abut! (at arm xprice} 522,166.71 1.200. Problem 14-5 Using gure 14.1: a. What is the total open interest on the Des 212 hush-alien Dollars omtreot'i' Mom Dollars oonh'oots l:| b. Does it represent long positions. short positions, or both\"? (3' Lung positions 0 Short positions 0 Both 4:. Based on the settle price on the contrast. what is the dollar value of the open interest? [Do not round intermediate oalouletions. Round your answer to 2 decimal places. Omit. the '5" sign in your response.) Dollar value $ |:|
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