The first question. This is because the price limit for copper is 4% of the settlement price on the previous trading day. Therefore, the quotation the next day cannot be outside this range. That is, 67110*1.04=69794.4 (the same goes for the short direction) but the fluctuation of copper is 10 yuan/ton. So take a multiple of 10. That's the answer.
The second question. The mistake probably lies in the money market
The third question. Maybe it’s because there’s an appropriate amount of decentralization. Excessive diversification can only distract investors' energy and cause them to lose sight of the other.
Question 4. First, you need to understand two formulas
1. Future value = present value * (1 + annual interest rate * number of years) (Note: "*" is the multiplication sign)
2. Present value =Future value/(1+annual interest rate*number of years)
You can calculate it once you know the formula.
So the first step is to calculate the future value of the deposit certificate, that is, the value after one year:
1000*(1+6%*1)=1060
< p>The second step is to calculate the value three months before maturity1060/(1+8%*3/12)=1039.22
This question is in the fifth edition An original question on financial futures has had this part deleted in the sixth edition and will not be tested in the exam.
Question 5. This is based on two original questions in the book.
The capital occupied is 1 million yuan. The corresponding interest is 100W*6%*3/12=15000
The dividend will be 1W after one month, and the interest for the remaining two months will be 10000*6%*2/12=100
The profit calculation is 1000100=10100.
The net holding cost is 15000-10100=4900.
The reasonable contract price should be 100W+4900=1004900.
The points at that time were 10,000 points (100W/100)
The first is 10000*1% (this is the 0.5% of bilateral handling fees and market impact) = 100 points
The cost of the loan interest rate difference is 10000*0.5 (0.5% of the cost of the loan interest rate difference) * 3/12 = 12.5 points
In total, remember to include the 2+2 points of bilateral handling fees and market impact.
One *** is 1012.5+4=116.5 points
The arbitrage-free range is 10049+116.5=10165.5 and 10049-116.5=9932.5
worn out. . .
Brother. You haven't added many points yet. . . . . . . . . . . . . . . . .