Using Table 8.5, what is the last price on the June 2008 futures contract? What does the
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Using Table 8.5, what is the last price on the June 2008 futures contract? What does the last price mean?
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TABLE 8.5: COMEX Gold Futures Prices at Market Close on Thursday, August 24, 2007 GOLD (Comex Division, NYMEX) 100 troy oz.; $ per troy oz. Open High Aug 2007 Sep 2007 Oct 2007 Nov 2007 Dec 2007 Feb 2008 April 2008 June 2008 Aug 2008 Oct 2008 Dec 2008 Feb 2009 April 2009 June 2009 Dec 2009 June 2010 Dec 2010 June 2011 Dec 2011 June 2012 Last 668.10 667.00 671.20 n/a 678.00 683.00 679.40 694.00 n/a n/a 710.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 659.60 665.00 n/a 671.20 n/a 679.40 685.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Open Low 662.10 659.60 664.00 n/a 670.90 673.90 679.40 685.00 n/a n/a 701.30 n/a n/a n/a n/a n/a n/a n/a n/a n/a High 668.80 667.00 673.10 n/a 679.00 683.10 679.40 694.00 n/a n/a 710.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a Low 662.10 659.60 661.00 n/a 666.70 673.00 679.40 685.00 n/a n/a 701.30 n/a n/a n/a n/a n/a n/a n/a n/a n/a
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An Introduction To Derivative Securities Financial Markets And Risk Management
ISBN: 9781944659653
2nd Edition
Authors: Robert A. Jarrow, Arkadev Chatterjee
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