You are a trader who entered a short position in BAB futures when their price was 91.57.
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Question:
You are a trader who entered a short position in BAB futures when their price was 91.57. Market prices have since changed to 91.61 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.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date: