In april 2015 a us hedge fund bought 10 september futures, Ask an Expert

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In April 2015 a US hedge fund bought 10 September futures contracts for euros at the CME at the settle price of USD 1.4572 only to see the dollar depreciate to a value of USD 1.4250 at which time the hedge fund sold the euro futures. If each futures contract is for an amount of euro 125.000 how much money did the hedge fund gain or lose from this placement?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92381498

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