Business, 24.03.2020 21:40 leannadoughty06

Yesterday, you entered into a futures contract to buy €62,500 at $1.50 per €. Your initial performance bond is $1,500 and your maintenance level is $500. At what settle price will you get a demand for additional funds to be posted?

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Answer from: leenzazou587

The settle price at which you will get a demand for additional funds to be posted is $1.4840 per €.

Explanation:

Provided data from the question;

Futures contract to buy in euros = €62,500

Future contract to buy in dollar = $93,750 ( €62,500 × $1.50)

Initial performance of bond = $1,500

Maintenance level = $500

To determine the settle price at which you get a demand for additional funds to be posted =

Future contract to buy in dollar - (initial bond performance - maintenance level) ÷ future contract to in euros

$93,750 - ($1,500 - $500)

= $93,750 - $1,000

$92,750 ÷ €62,500

= $1.484

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be (amount of tax / original cost price ) × 100

(1.54 / 22) × 100 → (0.07) × 100 = 7

so the tax rate is 7%

we can double check the answer.

7 % of 22 → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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Yesterday, you entered into a futures contract to buy €62,500 at $1.50 per €. Your initial performan...