A speculator purchases a 37,000-pound contract for coffee for $1.08 per pound with an initial margin requirement of 7%. The price goes up to $1.13 in three months. What is the percentage of profit?
A) 252.8%
B) 264.4%
C) 51.2%
D) 63.2%
E) 66.1%
Correct Answer:
Verified
Q64: You, a farmer, anticipate taking 80,000 bushels
Q65: Interest rate swaps are _ structured than
Q66: If a pension fund manager is afraid
Q67: If a $100,000 Treasury bond futures contract
Q68: Using paper gains to expand the number
Q70: A banker who is paying a fixed
Q71: The currency futures market is different than
Q72: You, a farmer, anticipate taking 80,000 bushels
Q73: An interest rate futures contract represents a
Q74: In the futures market, the yen may
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents