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1)What was the settle price for Dec 2012 at futures on this date? 2)What is the total dollar value of this contract at the close of trading for the day? Settle price$ Dollar value$
1)What was the settle price for Dec 2012 at futures on this date?
2)What is the total dollar value of this contract at the close of trading for the day? Settle price$ Dollar value$
Expert Solution
The settle value for December 2012 at futures on this date is $335.50
At the end of the day, the total sum of outstanding contracts held by participants the market is known as open interest and is; 3147
The entire dollar value for the contract at the day's close is $335.50 multiplied by 3147.
The complete dollar value for the contract at the close of day for trading is $1055818.5
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