Yesterday you entered into a futures contract to buy


Yesterday, you entered into a futures contract to buy €125,000 at $1.14 per €. Suppose the futures price closes today at $1.135. How much have you made/lost in your futures contract? State amount and whether it is a gain or loss.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Yesterday you entered into a futures contract to buy
Reference No:- TGS01562819

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)