Examlex

Solved

Assume That an Investor Buys One June NYSE Composite Index

question 4

Essay

Assume that an investor buys one June NYSE Composite Index Futures Contract on May 1 at a price of 72.The position is closed out after four days.The prices on the three days after purchase were 72.5,72.1 and 72.2.The initial margin is $3500.
(a)Calculate the current equity on each of the next three days.
(b)Calculate the excess equity for those three days.
(c)Calculate the final gain or loss on this position.


Definitions:

Cameras

Devices used to capture images, either as photographs on film or as digital images through electronic sensors.

Absolute Advantage

The capability of a country, firm, or individual to produce a good or service at a lower cost per unit than competitors.

Germany

A country in Central Europe known for its rich history, diverse culture, and significant contributions to art, science, and economy.

Production

The process of creating goods and services through the combination of labor, capital, and resources.

Related Questions