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Here are the best resources to pass Finanace (FIN494). Find Finanace (FIN494) study guides, notes, assignments, and much more.
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FIN 494 Homework 3 Solutions_2020 | FIN494 Homework 3 Solutions_Graded A
Exam (elaborations) • 11
pages
• 2021
FIN 494 Homework 3 Solutions_2020



Problem 1



You are long on oil futures since May 1. On May 2, futures price on 1,000 barrels of crude oil with January 15 delivery was $50 a barrel, while spot price of crude oil was $51 a barrel. One week later, on May 9, futures price on the same contract was $52 and spot price of crude was

$53. Between May 2 and May 9,



a.	Your account balance went up by $2,000

b.	Your account balance went down by $2,000

c.	Your account balance went up by $1,000

d....
FIN 494 Homework 3 Solutions_2020 | FIN494 Homework 3 Solutions_Graded A
Last document update:
ago
FIN 494 Homework 3 Solutions_2020



Problem 1



You are long on oil futures since May 1. On May 2, futures price on 1,000 barrels of crude oil with January 15 delivery was $50 a barrel, while spot price of crude oil was $51 a barrel. One week later, on May 9, futures price on the same contract was $52 and spot price of crude was

$53. Between May 2 and May 9,



a.	Your account balance went up by $2,000

b.	Your account balance went down by $2,000

c.	Your account balance went up by $1,000

d....
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