Compute your profit-loss in usd on tuesday and wednesday

Assignment Help Macroeconomics

Reference no: EM1333012

Losses/gains on a futures contract

You are long one CME Dec sterling future of contract size £62.500. Mon closing of the future was 1.8212 USD/GBP. On Tues, the price rose to 1.8289; on Wed the price changed to 1.8275. Calculate your profit/loss in USD on Tue and Wed.

Reference no: EM1333012

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