22-104 If the Portfolio Manager Put on the Hedge in Question

question 36

Multiple Choice

22-104 If the portfolio manager put on the hedge in question 102 (89-00/32nds) ,what is the profit/loss on the futures position given the settlement price in question 103 (81-27/32nds) ?

• A)Profit of $2,146,875.
• B)Loss of $2,146,875.
• C)Profit of $1,270,000.
• D)Loss of $1,270,000.
• E)Loss of $812,700.

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Definitions:

Maintenance Activities

Tasks or operations carried out to keep equipment, facilities, or systems operational and in good working condition.

Gatekeeping

The process by which information is filtered for dissemination, whether for publication, broadcasting, the Internet, or some other mode of communication.

Centralized Network

A network structure where a central node has direct connections to all other nodes, promoting efficiency and control but potentially limiting flexibility.

Maintenance Activities

Tasks undertaken to keep equipment or systems running efficiently through routine checks and repairs.