Page 348 - AFM Integrated Workbook STUDENT S18-J19
P. 348
Chapter 15
Transaction: $
Interest $20m × 5% × 6/12 (500,000)
Futures market:
31 May - Sell 95.58
1 Sept - Buy 95.10
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Gain 0.48%
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(× 40 contracts × $1m × 3/12) 48,000
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Net (452,000)
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336
