You buy (go long) five copper futures contracts at 100 cents per pound, where the contract size

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You buy (go long) five copper futures contracts at 100 cents per pound, where the contract size is 25,000 pounds. At contract maturity, copper is selling for 102 cents per pound. What is your profit (+) or loss (−) on the transaction?

a. −$2,500

b. +$2,500

c. −$25,000

d. +$25,000.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Dec 28, 2023 04:02 AM

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You buy (go long) five copper futures contracts at 100 cents per pound, where the contract size

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Fundamentals Of Investments Valuation And Management

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