Question: please show solution idk what clarity u mean but, this is another picture...the question is given the way it is.. 7. Consider a long position
7. Consider a long position in a CAD futures contract. It is written on 100,000 CAD and price is quoted in dollars and cents per CAD, out to 4 decimal points. We went short the futures contract at a price of $0.725 per CAD. At initiation of the contract, the long posts an initial performance bond of $3,000. The maintenance performance bond is $1,600 Show your daily settlements profits and loses if the currency rates are $0.775, $0.778, $0.765 and $0.7000 for the next four days respectively. A -+ Fit to page Page view 7. Consider a long position in a CAD futures contract -It is written on 100,000 CAD and price is quoted in dollars and cents per CAD, out to 4 decimal points. We went short the futures contract at a price of $0.725 per CAD. At initiation of the contract, the long posts an initial performance bond of $3,000 . The maintenance performance bond is $1,600 Show your daily settlements profits and loses if the currency rates are $0.775, $0.778, $0.765 and $0.7000 for the next four days respectively
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