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Category > Accounting Posted 26 May 2017 My Price 5.00

Suppose you purchase a May 2009 cocoa futures contract on February 12, 2009

 

Suppose you purchase a May 2009 cocoa futures contract on February 12, 2009, at the last price of the day. What will your profit or loss be if cocoa prices turn out to be $2,431 per metric ton at expiration?
 
 

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Alpha Geek
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Status NEW Posted 26 May 2017 02:05 PM My Price 5.00

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file 1495808574-Answer.docx preview (81 words )
S-----------upp-----------ose----------- yo-----------u p-----------urc-----------has-----------e a----------- Ma-----------y 2-----------009----------- co-----------coa----------- fu-----------tur-----------es -----------con-----------tra-----------ct -----------on -----------Feb-----------rua-----------ry -----------12,----------- 20-----------09,----------- at----------- th-----------e l-----------ast----------- pr-----------ice----------- of----------- th-----------e d-----------ay.----------- Wh-----------at -----------wil-----------l y-----------our----------- pr-----------ofi-----------t o-----------r l-----------oss----------- be----------- if----------- co-----------coa----------- pr-----------ice-----------s t-----------urn----------- ou-----------t t-----------o b-----------e $-----------2,4-----------31 -----------per----------- me-----------tri-----------c t-----------on -----------at -----------exp-----------ira-----------tio-----------n? ----------- Ap-----------r 0-----------7 2-----------014----------- 07-----------:44----------- AM----------- A-----------nsw-----------er ----------- Th-----------e i-----------nit-----------ial----------- pr-----------ice----------- is----------- $2-----------649----------- pe-----------r m-----------etr-----------ic -----------ton----------- an-----------d e-----------ach----------- co-----------ntr-----------act----------- is----------- fo-----------r 1-----------0 m-----------etr-----------ic -----------ton-----------s, -----------so -----------the----------- in-----------iti-----------al -----------con-----------tra-----------ct -----------val-----------ue -----------is:----------- In-----------iti-----------al -----------con-----------tra-----------ct -----------val-----------ue -----------=($-----------2,6-----------49 -----------per----------- to-----------n)(-----------10t-----------ons----------- pe-----------r c-----------ont-----------rac-----------t)=-----------$26-----------,49-----------0 A-----------nd
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