You initially entered into 6 long pork belly positions in the futures market.You subsequently went long another 3 contracts and then went short 4 contracts.Which of the following is correct? Assume that all of the contracts have the same settlement price and settlement date.
A) if you do nothing more then you must take delivery on 5 pork belly contracts
B) if you do nothing more then you must deliver 5 pork belly contracts
C) if you do nothing more then you must take delivery on 9 pork belly contracts
D) if you do nothing more then you must deliver 4 pork belly contracts
Correct Answer:
Verified
Q58: You sell 20 corn futures contracts when
Q59: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
Q60: Exhibit 23-2
Coffee; 37,500 lbs per contract, $
Q61: You notice that the spot price of
Q62: You are looking to hedge a position
Q64: The spot rate exchange rate for Andromedan
Q65: The Bell Company has issued floating interest
Q66: Currently the Euro is trading at €/$
Q67: You are currently borrowing $100,000,000 based upon
Q68: You notice that the spot price of
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