Using the quotations in Exhibit 7.3, calculate the face value of the open interest
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Using the quotations in Exhibit 7.3, calculate the face value of the open interest

3. Using the quotations in Exhibit 7.3, calculate the face value of the open interest in the September 2019 Swiss franc futures contract.

Hint
Accounts & Finance"Face value calculation:A face value is calculated by the division of the net worth of the company or the difference between the assets and liabilities of the company, to the total number of shares which are issued to that company."...

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