Wednesday the price changed to 1.8275. compute your, Ask an Expert

Economics

Losses/gains on a futures contract

You are long one CME Dec sterling future of contract size £62.500. Mon closing of the future was 1.8212 USD/GBP. On Tues, the price rose to 1.8289; on Wed the price changed to 1.8275. Calculate your profit/loss in USD on Tue and Wed.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9208382

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