uestion 15 If the soybean market is trading at 1204'4, and the limit is $0.75, what would the limit up price per bushel be? O $12.794 O $11.295 O $12.795 O $11.294

1 ook MC algo 21-11 Triangle Arbitrage The exchange rates in New York for $1 are Can$1.1121 or £7407. In Toronto, Can$1 will buy £6748. How much profit can you earn on $16,000 using triangle arbitrage? Multiple Choice $210.51 $198.81 $26313

Use the following corn futures quotes: Contract Month March May July September Open 455.125 467.000 477.000 475.000 Dollar profit Corn 5,000 bushels Low Settle 452.000 451.750 463.000 463.250 High 457.000 468.000 477.500 472.500 471.750 475.500 473.000 472.250 Change -2.750 -2.750 -2.000 -2.000 Open Interest 597,913 137,547 153,164 29,258 Suppose you buy 18 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.500, and you close out your position. Calculate your dollar profit on this investment. Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.

Question 5  The March 2024 S&P 500 cash index is 930 while the S&P 500 futures index is 950 and  the contract value of each index point is $100. You are convinced the futures market will  rise 10% by expiry. You are only prepared to buy or sell one futures contract.  (i) Will you buy or sell a contract in the futures market? (2 marks)  (ii) What is your profit (+) in dollars if you are correct? (2 marks)  (iii) What is your profit (+)/loss (-) if the futures price on expiry is 1200? (2 marks)  (iv) What is your profit (+)/loss (-) if the futures price on expiry is 700? (2 marks)  (v) Explain what is meant by “initial margin” on a futures contract. (2 marks)