Log onto the on-line Wall Street Journal www.wsj.com and find the prices of gold futures in the

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Log onto the on-line Wall Street Journal www.wsj.com and find the prices of gold futures in the Markets Data Center. What is the date of the most distant contract? Suppose that you buy 100 ounces of gold futures for this date. When do you receive the gold? When do you pay for it? Is the futures price higher or lower than the current spot price? Can you suggest why?
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Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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