You are long 57 gold futures contracts with a futures price of $1,198.32 per troy oz. Each
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Question:
You are long 57 gold futures contracts with a futures price of $1,198.32 per troy oz. Each contract covers 100 troy ounces of gold.
What is your profit if the gold price is $1,196 on the expiration date of the futures contract (in $)?
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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