You are a speculator who entered a short position in BAB futures when their value was $964,631.07.
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Question:
You are a speculator who entered a short position in BAB futures when their value was $964,631.07. Market prices have since changed to 84.66 and you have decided to close out your position. Calculate your profit or loss. Give your answer in dollars and cents to the nearest cent. If your answer is a loss then place a negative sign in front of your answer.
Profit/loss = __ $
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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