The following quotes are the closing spot prices and September futures contract prices for CHF on...
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The following quotes are the closing spot prices and September futures contract prices for CHF on four consecutive days in July 20XX. You sold two CHF futures contract at the closing price on 7/01/XX. Each CHF futures contract requires the delivery of CHF 125,000. Suppose, the initial and maintenance margin for each CHF futures contract are $1,500 and $1,000, respectively. Date 7/01 7/02 7/03 7/04 $0.7579 $0.7527 $0.7588 $0.7580 Closing CHF Spot Price $0.7750 $0.7782 $0.7827 $0.7713 Closing September CHF Futures Contract Price Assuming that you meet your margin calls, if you get any, please estimate how much money you will have in your margin account at the close of 7/02: $3.,000 S800 O $2.200 $2.000 The following quotes are the closing spot prices and September futures contract prices for CHF on four consecutive days in July 20XX. You sold two CHF futures contract at the closing price on 7/01/XX. Each CHF futures contract requires the delivery of CHF 125,000. Suppose, the initial and maintenance margin for each CHF futures contract are $1,500 and $1,000, respectively. Date 7/01 7/02 7/03 7/04 $0.7579 $0.7527 $0.7588 $0.7580 Closing CHF Spot Price $0.7750 $0.7782 $0.7827 $0.7713 Closing September CHF Futures Contract Price Assuming that you meet your margin calls, if you get any, please estimate how much money you will have in your margin account at the close of 7/02: $3.,000 S800 O $2.200 $2.000
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Artificial Intelligence A Modern Approach
ISBN: 978-0137903955
2nd Edition
Authors: Stuart J. Russell and Peter Norvig
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