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Burka [1]
3 years ago
14

Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/¥100. Your margin account curren

tly has a balance of $2,000. The next three days' settlement prices are $0.8057/¥100, $0.7996/¥100, and $0.7985/¥100. (The contractual size of one CME yen contract is ¥12,500,000). If you have a long position in one futures contract, the changes in the margin account from daily marking-to-market, will result in the balance of the margin account after the third day to be?
Business
1 answer:
DIA [1.3K]3 years ago
6 0

Answer:

$2,325

Explanation:

$2,325 = $2,000 +¥12,500,000 *[(0.008011 - 0.008057) + (0.008057 - 0.007996) + (0.007996 - 0.007985)]

=$2,000 + ¥12,500,000 *)[(0.008011 - 0.007985)]

$0.8011/¥100 = $0.008011/¥

Hence:

$0.8057/¥100 = $0.008057/¥

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Frank and Bridge Books is a book reseller that has both a heavy online presence and 30 physical bookstores. Frank and Bridge Boo
NISA [10]

The Frank and Bridge Books is a book reseller that has both a heavy online presence and 30 physical bookstores. Frank and Bridge Books is an example of a click-and-mortar business. Therefore, option C is the correct option.

<h3>What is a business?</h3>

A business is an economic activity that includes the purchasing and selling of manufactured products and services which take place in exchange for currency.

There are many businesses in the world with different purposes and reasons. The owners of the businesses decide upon the vision and work in order to achieve that vision.

Since then, Frank and Bridge Books is a book distributor with 30 physical bookstores in addition to a sizable online presence. A good example of a click-and-mortar company is Frank and Bridge Books. As a result, choice C is the best one.

Learn more about business here:

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7 0
2 years ago
You go on vacation to Mexico and take $1,000 with you. During your time in Mexico, the peso appreciates in value relative to the
pogonyaev

Answer:

We will be able to purchase fewer goods and services.

Explanation:

Appreciation of a currency in terms of another currency implies an increase in the worth of a currency in terms of another currency.

An appreciation in the value of peso in terms of dollars means that the worth of peso has increased in terms of dollar.

In other words, the worth of dollar in terms of peso has decreased. The value of $1,000 will decline.

So, a tourist in Mexico with $1,000 will be able to buy fewer goods an services.

4 0
3 years ago
Read 2 more answers
Kenny you works with an IT company his company is about to launch new software in the market he has to ensure that his new softw
motikmotik

Answer

Hi,

Kenny is likely to have the job profile of a software developer

Explanation

A job profile defines the functions, accountabilities and requirements of a job position. In this case, Kenny is a software developer tasks with designing, installation, testing and maintenance of software systems. In this position, he has to ensure the software properly functions and meets the design standards that were agreed in the planning stages.

Good Luck!

7 0
3 years ago
A firm's bonds have a maturity of 10 years with a $1,000 face value, a 9 percent semiannual coupon, are callable in 5 years at $
Sladkaya [172]

Answer:

Yield to maturity is 3.94%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Coupon payment = $1,000 x 9% = $90/2  = $45 semiannually

Selling price = P = $1080

Number of payment = n = 10 years x 2 = 20

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $45 + ( 1000 - 1080 ) / 20 ] / [ (1,000 + 1080 ) / 2 ]

Yield to maturity = [ $45 - 4 ] / 1040 = $41 /1040 = 0.394 = 3.94%

4 0
3 years ago
When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the va
77julia77 [94]

Answer: $20,478.78

Explanation:

In 14 years the investment will be,

Gold

10,000/2 = 5000

Then use the compound interest formula

5000 * (1+0.07)^ 14 = $12,892.67

For Certificates of Deposits.

Use the Compound interest formula

Rate and period are in years. Convert to semi annual basis.

3%/ 2 = 1.5%

14 * 2 = 28 periods

= 5000 ( 1+ 0.015) ^ 28

= $7,586.11

Add both

=$12,892.67 + $7,586.11

= $20,478.78

5 0
3 years ago
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