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D.) what should spot exchange rate on wednesday settle,when the futures expire?

E.) total contracts held in the mtket is 8788, what is open intetest?

On a certain Friday in December at 130 PM, a currency trader takes a long position in ten British Pound futures contracts traded on the CME Each contract size is E62.500. The price at the time of assuming the position on Friday at 1:30 PM IS SI5450/5 When market closes on Friday, the price settles is $15400/. On subsequent days, the futures prices settle, respectively, at $1.5325/ (Monday), S15255/ (Tuesday), and $1.5555 (Wednesday, also this is the third Wednesday in December) On Friday, the total number of contracts held tong or short in the market is 8788 a. What is the effective contractual price? D By how much the investor's margin account will change each day due to marking to market? indicate the total dollar amount increase by a (+) sign and a decrease by a (-)sign. Friday Monday Tuesday Wednesday C. If another trader had a short position of the above 10 British Pound futures maturing in December, by how much his/her margin account will change at Monday settle and at Tuesday settle, respectively? On a certain Friday in December at 130 PM, a currency trader takes a long position in ten British Pound futures contracts traded on the CME Each contract size is E62.500. The price at the time of assuming the position on Friday at 1:30 PM IS SI5450/5 When market closes on Friday, the price settles is $15400/. On subsequent days, the futures prices settle, respectively, at $1.5325/ (Monday), S15255/ (Tuesday), and $1.5555 (Wednesday, also this is the third Wednesday in December) On Friday, the total number of contracts held tong or short in the market is 8788 a. What is the effective contractual price? D By how much the investor's margin account will change each day due to marking to market? indicate the total dollar amount increase by a (+) sign and a decrease by a (-)sign. Friday Monday Tuesday Wednesday C. If another trader had a short position of the above 10 British Pound futures maturing in December, by how much his/her margin account will change at Monday settle and at Tuesday settle, respectively? On a certain Friday in December at 130 PM, a currency trader takes a long position in ten British Pound futures contracts traded on the CME Each contract size is E62.500. The price at the time of assuming the position on Friday at 1:30 PM IS SI5450/5 When market closes on Friday, the price settles is $15400/. On subsequent days, the futures prices settle, respectively, at $1.5325/ (Monday), S15255/ (Tuesday), and $1.5555 (Wednesday, also this is the third Wednesday in December) On Friday, the total number of contracts held tong or short in the market is 8788 a. What is the effective contractual price? D By how much the investor's margin account will change each day due to marking to market? indicate the total dollar amount increase by a (+) sign and a decrease by a (-)sign. Friday Monday Tuesday Wednesday C. If another trader had a short position of the above 10 British Pound futures maturing in December, by how much his/her margin account will change at Monday settle and at Tuesday settle, respectively? On a certain Friday in December at 130 PM, a currency trader takes a long position in ten British Pound futures contracts traded on the CME Each contract size is E62.500. The price at the time of assuming the position on Friday at 1:30 PM IS SI5450/5 When market closes on Friday, the price settles is $15400/. On subsequent days, the futures prices settle, respectively, at $1.5325/ (Monday), S15255/ (Tuesday), and $1.5555 (Wednesday, also this is the third Wednesday in December) On Friday, the total number of contracts held tong or short in the market is 8788 a. What is the effective contractual price? D By how much the investor's margin account will change each day due to marking to market? indicate the total dollar amount increase by a (+) sign and a decrease by a (-)sign. Friday Monday Tuesday Wednesday C. If another trader had a short position of the above 10 British Pound futures maturing in December, by how much his/her margin account will change at Monday settle and at Tuesday settle, respectively

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