Use the following corn futures quotes:ContractMonthMarMayJulySepContractsCorn 5,000 bushelsa. How many of the July contracts are currently open?OpenHighLowSettle Chg Open Int455.125 457.000 451.750 452.000 -2.750467.000 468.000 463.000 463.250 -2.750477.000 477.500 472.500 473.000 -2.000475.000 475.500 471.750 472.250-2.000Contracts597,913137,547153, 16429,258b. How many of these contracts should you sell if you wish to deliver 135,000 bushels of corn in July?

The financial contract refers to the contract between two parties that are engaged in buying,…

Answered: Contract Month Mar May July Sep dotco…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Use the following corn futures quotes (priced in cents): Contract Month Mar May July Sep Corn 5,000 bushels Dollar profit Low Open Int Open High Settle Chg 455.125 457.000 451.750 452.000 -2.750 597,913 467.000 468.000 463.000 463.250 -2.750 137,547 477.000 477.500 472.500 473.000 -2.000 153, 164 475.000 475.500 471.750 472.250 -2.000 29,258 Suppose you sell 17 of the May corn futures at the high price of the day. You close your position later when the price is 464.625. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Use the following corn futures quotes (priced in cents): Corn 5,000 bushels Contract Month Mar May July Sep Open High Low Settle Chg Open Int 455.125 457.000 451.750 452.000 -2.750 597,913 467.000 468.000 463.000 463.250 -2.750 137,547 477.000 477.500 472.500 473.000 -2.000 153,164 475.000 475.500 471.750 472.250 -2.000 29,258 Suppose you sell 14 of the May corn futures at the high price of the day. You close your position later when the price is 467.250. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Use the following corn futures quotes: Contract Month Mar May July Sep Corn 5,000 bushels Low High Settle Chg Open Int Open 455.125 457.000 451.750 452.000 -2.750 597,913 467.000 468.000 463.000 463.250 -2.750 137,547 477.000 477.500 472.500 473.000 -2.000 153,164 475.500 471.750 472.250 -2.000 29,258 475.000 a. How many of the July contracts are currently open? b. How many of these contracts should you sell if you wish to deliver 130,000 bushels of corn in July? contracts If you actually make delivery, how much will you receive? Assume you locked in the settle price. $ (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes on the British pound (£) to speculate on the value of the pound a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3981/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4559/E, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4550, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3981/C, what is the value of her position? CID a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3981/2, what is the value of her position? The value of Tony's position is $(Round to the nearest cent. Use a minus sign if value is negative)
The following are call option premiums and futures settlement prices for ICE cotton. These prices were quoted on December 16th, 200X. These prices are used in problems 25 through 29 (recopied here for your convenience). Strike Price (cents/lb)__ 48.00 49.00 50.00 51.00 52.00 53.00 Futures close 1.98. 0 0 1.98 O 0.60 1.38 ***** O 1.38.... 0.60 Mar-OX QUESTION - For the March-OX option with a strike price of 49.00, the intrinsic value is the time value is none of the above 2.56 1.98 1.48 1.09 .78 55 49.60 May-OX 6.14 5.33 4.59 3.92 3.31 2.74 53.69 and
You bought a futures contract for $2.60 per bushel and the contract ended at $2.70 after several days of trading with the following close prices each day: $2.52, $2.57, $2.62, $2.68, and $2.70. What would the mark to market sequence be? A. -.08, .05, .05, .06, .02 B. .08, -.05, -.05, -.06, -.02 C. .08, .03, -.02, -.06, -.10 D. -.08, -.03, .02, .06, .10 E. .10, .06, .02, -.03, -.08
Use the following corn futures quotes: Contract Month March May July September Open 455.125 467.000 477.000 475.000 Dollar profit Corn 5,000 bushels Low Settle 452.000 451.750 463.000 463.250 High 457.000 468.000 477.500 472.500 471.750 475.500 473.000 472.250 Change -2.750 -2.750 -2.000 -2.000 Open Interest 597,913 137,547 153,164 29,258 Suppose you buy 18 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.500, and you close out your position. Calculate your dollar profit on this investment. Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.
Use the following corn futures quotes: Contract Month March May July September Open 455.125 467.000 477.000 475.000 Dollar profit Corn 5,000 bushels High 457.000 468.000 477.500 475.500 ......... Settle Change Low 451.750 463.000 463.250 452.000 -2.750 -2.750 472.500 473.000 -2.000 471.750 472.250 -2.000 Suppose you buy 16 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.250, and you close out your position. Calculate your dollar profit on this investment. Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. Open Interest 597,913 137,547 153,164 29,258
The following are call option premiums and futures settlement prices for ICE cotton. These prices were quoted on December 16th, 200X. These prices are used in problems 25 through 29 (recopied here for your convenience). Strike Price (cents/lb)_ 48.00 49.00 50.00 51.00 52.00 53.00 Futures close 6 18 12 24 Mar-OX none of the above. 2.56 1.98 1.48 1.09 .78 .55 49.60 May-OX QUESTION - Based on the above price data, there are. represented among both the Mar-OX and May-OX contracts. 6.14 5.33 4.59 3.92 3.31 2.74 53.69 individual options contracts being
Use the following corn futures quotes: Corn 5,000 bushels Contract Month Open High Low Settle Chg Open Int Mar 455.125 457.000 451.750 452.000 −2.750 597,913 May 467.000 468.000 463.000 463.250 −2.750 137,547 July 477.000 477.500 472.500 473.000 −2.000 153,164 Sep 475.000 475.500 471.750 472.250 −2.000 29,258 How many of the September contracts are currently open? How many of these contracts should you sell if you wish to deliver 75,000 bushels of corn in September? If you make delivery, how much will you receive? Assume you locked in the settlement price.
Suppose the current price for coffee for delivery in December is $1.3890 per pound. Each contract is for 37,500 pounds. Initial margin is $5000 and maintenance margin is 2700 on what day will long side get a margin call if over the next 5 days the futures price evolves as follows Day Futures Price 1. $1.4110 2. $1.4290 3. $1.3800 4. $1.3165 5. $1.3175
Given the following information for December 24 corn futures, identify the "In the Money", "At The Money", and "Out of the Money" 22 puts and Calls. The December 24 futures price is $4.71. Also, calculate the intrinsic and extrinsic values of the premiums. 24 25 26 27 28 29 30 31 32 33 34 35 36 37 \table[[Strike,Premium],[Prices,Puts,Monies],[5.2,0.655,Out],[5.1,0.583,In],[5,0.513,At],[4.9,0.447,Out],[4.8,0.386,],[4.7,0.33,],[4.6,0.276,],[4.5,0.227,],[4.4,0.185,],[4.3,0.147,]] \table[[Puts,,],[Intrinsic,Extrinsic,Calls],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]

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