Page 342 - AFM Integrated Workbook STUDENT S18-J19
P. 342
Chapter 15
$
Transaction: £0.5850 (to £1) × C$2.1m (1,228,500)
Futures market:
Buy 0.6268
Sell 0.5820
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Loss £0.0448 to C$1
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(× 21 contracts × C$100,000) (94,080)
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Net (1,322,580)
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