Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. assume todays settlement price on a cme eur future

Assume todays settlement price on a CME EUR futures contract is $1.3140/EUR. Contract size is:...

90.2K

Verified Solution

Question

Finance

Assume todays settlement price on a CME EUR futures contract is $1.3140/EUR. Contract size is: EUR125,000 You decide to SELL (SHORT) one contract. At the close of the expiration date, if the EUR price is $1.3300, what is your dollar profit or loss?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

72 7 72 3 7 7 3 72 2 6 7 72 7 7 7...

Basic Math
Q

United Pigpen is considering a proposal to manufacture high-protein hog feed. The project would make use...

Finance
Q

A pension fund manager is considering three mutual funds. The first is a stock fund, the...

Finance
Q

An engineer designed a valve that will regulate water pressure on an automobile engine. The engineer...

Basic Math
Q

An enzyme with a Vmax of 100 umol/minute and a Km of 10 uM was reacted...

Biology
Q

foundation give me some information about pile resting on rock and pile in general

Civil Engineering
Q

The following data were included in a recent Papaya Inc. annual report (in...

Accounting
Q

Faced with fing pressure for a $17 per hour minimum wage rate the farming industry...

Accounting
Q

why must individual funds be displayed in a government's annual report. How are the same...

Accounting
Q

Laverne purchased a new piece of equipment to be used in its new facility. The...

Accounting
Q

Can Emotional Intelligence be developed? Discuss why or why not. Refer to the four EQ...

Accounting
Q

Let V, V' vector spaces over a field k. Let A and A' be affine...

Finance