Suppose you sell six August 2020 gold futures contracts this day at the last price of...
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Suppose you sell six August 2020 gold futures contracts this day at the last price of the day. Use Table 23.1. a. What will your profit or loss be if gold prices turn out to be $1,757.20 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.) b. What will your profit or loss be if gold prices are $1,734.20 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) a. Loss b. Profit Answer is not complete. Suppose you sell six August 2020 gold futures contracts this day at the last price of the day. Use Table 23.1. a. What will your profit or loss be if gold prices turn out to be $1,757.20 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.) b. What will your profit or loss be if gold prices are $1,734.20 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) a. Loss b. Profit Answer is not complete.
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