A trader buys an April futures contract on the VIX when the futures price is 18.3 and closes out the contract when the futures price is 19. Each contract is on 1,000 times the index. What is the gain of the trader? (required precision 0.01 +/- 0.01)
A trader buys an April futures contract on the VIX when the futures price is 18.3 and closes out the contract when the futures price is 19. Each contract is on 1,000 times the index. What is the gain of the trader? (required precision 0.01 +/- 0.01)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.CM: Cumulative Review Exercises
Problem 51CM
Question
A trader buys an April futures contract on the VIX when the futures price is 18.3 and closes out the contract when the futures price is 19. Each contract is on 1,000 times the index. What is the gain of the trader?
(required precision 0.01 +/- 0.01)
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