Practice: Futures, Forwards, and Swaps
Nineteen scored problems on futures contracts and their value, margin and leverage, index futures and the cost of carry, contango and rolling, forwards, interest rate swaps, hedging, and the risks of derivatives.
What you'll do
This set works through the second Derivatives module. You'll value futures positions, follow a margin account to a margin call, measure leverage, price an index future from the cost of carry, work out a roll in contango, fix a currency cost with a forward, run the payments on an interest rate swap, size a portfolio hedge, and allow for basis. Each answer comes with the working, and your score appears as you go. Nothing is recorded outside this browser.
This draws on
Work through the problems in order and check each answer once you've committed to it. The score counts your first try. All the contracts, prices, and companies are hypothetical.
The problems in this practice set are for members
Inside, each with a worked answer: Futures contracts (3 problems); Margin and leverage (4 problems); Index futures and rolling (3 problems); Forwards and swaps (4 problems); Hedging and risk (5 problems).
Membership opens every lesson in the curriculum, the capstone projects, the interactive tools, and the members-only channels in the Hyperion Entities Discord. The first lesson of every module stays free.