Question 5 1 pts An October put option contract on gold futures has a strike price...
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Question 5 1 pts An October put option contract on gold futures has a strike price of $1,800 per troy ounce. A CME contract is written over 100 troy ounces. The put is exercised when the futures price is $1,785 per troy ounce and the most recent settlement price is $1,790 per troy ounce. The trader then receives: A long October futures contract on gold and $1,500 in cash. A short October futures contract on gold and $1,500 in cash. A short October futures contract on gold and $1,000 in cash. O A long October futures contract on gold and $1,000 in cash. Question 5 1 pts An October put option contract on gold futures has a strike price of $1,800 per troy ounce. A CME contract is written over 100 troy ounces. The put is exercised when the futures price is $1,785 per troy ounce and the most recent settlement price is $1,790 per troy ounce. The trader then receives: A long October futures contract on gold and $1,500 in cash. A short October futures contract on gold and $1,500 in cash. A short October futures contract on gold and $1,000 in cash. O A long October futures contract on gold and $1,000 in cash.
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The most correct answer is A A long October futures contract on gold and 15... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Posted Date:
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