Question: please follow the example and the figure to solve the question Example: question: Problem #5: Open Interest Referring to Figure 14.1, what is the total

please follow the example and the figure to solve the question

Example:

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

question: Problem #5: Open Interest Referring to Figure 14.1, what is the

question:

total open interest on the June 2012 Japanese yen contract? Does it

Problem #5: Open Interest Referring to Figure 14.1, what is the total open interest on the June 2012 Japanese yen contract? Does it represent long positions, short positions, or both? Based on the settle price on the contract, what is the dollar value of the open interest? The total open interest on the June 2012 Japanese Yen is 140,864 contracts This is the number of contracts. Each contract has a long and a short, so the open interest represents either the number of long positions or the number of short positions. Each contract calls for the delivery of 2,500,000 The settle price on the contract is S1.2589 per 100 yen Price per contract = $1.2589 / 100 x 12,500,000 = $157,362.50 140,864 contracts, the total dollar value is about (# of contracts x price) $22,166,711,200

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