Solution-Compute gain or loss on futures contract on

Compute gain or loss on futures contract on december

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Reference no: EM133140590

Question - On December 1, 2021, ABC Co. enters into a futures contract to sell 13,000 units of a commodity on January 31, 2022 for Php120 per unit. The broker requires an initial margin deposit of Php10,000. The quoted price per unit are as follows:

Dec. 1, 2021 120

Dec. 31, 2021 97

January 31, 2022 102

Required -

1. Compute Gain or loss on futures contract on December 31, 2021.

2. Compute Gain or loss on futures contract on January 31, 2022.

Reference no: EM133140590

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Compute gain or loss on futures contract on december

Reference no: EM133140590

Reference no: EM133140590

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