Assume that you entered into a futures contract to buy C82,500 at $1.20 per C. Suppose the futuresprice closes today at $1.25. How much have you made/lost?tofSelect one:O a You have made $2.500.00.O b. You have made $4125.00.O G. You have lost $2,500.00.Od You have lost $4,125.00.

Given information : Euros bought € 82,500.00 Purchase price of euro per dollar $…

Answered: price closes today at $1.25. How much…

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price closes today at $1.25. How much have you n Select one: O a You have made $2.500.00. O b You have made $4,125.00.

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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Question

Assume that you entered into a futures contract to buy C82,500 at $1.20 per C. Suppose the futures
price closes today at $1.25. How much have you made/lost?
tof
Select one:
O a You have made $2.500.00.
O b. You have made $4125.00.
O G. You have lost $2,500.00.
Od You have lost $4,125.00.

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