Profit or loss position of the futures transactions

Assignment Help Financial Management

Reference no: EM131959512

Media Limited has an existing $900 000 promissory note facility which it will rollover in 90 days. The company is concerned that interest rates will rise before the rollover date and enters into a 90 day bank accepted bills futures contract at 92.50. Three months later the company closes out its futures position at 91.75. Using the following data, calculate the profit or loss position of the futures transactions. (Disregard margin calls and transaction costs)

Reference no: EM131959512

Questions Cloud

What about the datedif functions : What about the DATEDIF functions? How are these related at all? ( it's about excel)

What is effective interest rate : What is the effective interest rate for 8% interest compounded daily?

What was your real rate of return : If the rate of inflation was 3%, what was your real rate of return?

Nominal interest rate is aerotron paying on the loan : What nominal interest rate is Aerotron paying on the loan?

Profit or loss position of the futures transactions : Using the following data, calculate the profit or loss position of the futures transactions

Break-even cost-make sense to replace your incandescent bulb : what cost per kilowatt-hour does it make sense to replace your incandescent bulbs today?

Annual coupon risk-free bond : What should be today's yield to maturity on a 3-year, 8% annual coupon risk-free bond?

Manages diversified australian share portfolio : A funds manager, Prudential Investments Limited, manages a diversified Australian share portfolio, Calculate the profit or loss position of futures transactions

Portfolio management : In portfolio management, cite one situation where you would use arithmetic mean and one where you would use annualized return.

User Account

All Pages