Answer:
$6360
Explanation:
Contract value when the trader sold short = 76.98c * 50000 = $38,490
Contract value when he closed out his contract = 64.26c * 50000 = $32,130
Since the trader had sold short, he is speculating that the price of the futures contract will go down. The value of the contract did go down (in the traders favor) so the difference in value when he sold short and when he closed out his contract will be the profit gained in dollars. Please note that the initial futures prices are quoted in cents and would need to be converted to dollars by dividing by 100c i.e. 3,213,000c = $32,130
Therefore the profit made by the trader in dollars is $38,490 - $32.130 = $6360
Answer:
A transformation T: (x, y) (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.
(-1, 2)
(1, 2)
(7, 4)
Explanation:
A transformation T: (x, y) (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.
(-1, 2)
(1, 2)
(7, 4)
Answer: historical exchange rate
Explanation:
The temporal method is also referred to as the historical method. Under this method, the currency of a foreign subsidiary is being converted into the currency of the parent company.
It should be noted that under the temporal method, the income statement items which relate to newly recognized assets and liabilities generally are remeasured using the historical exchange rate.
Answer:
i think the answer is C. unilateral contract
