You sell (go short) 10 gold futures contracts at $400 per ounce, where the contract size is
Question:
You sell (go short) 10 gold futures contracts at $400 per ounce, where the contract size is 100 ounces. At contract maturity, gold is selling for $410 per ounce. What is your profit (+) or loss (−) on the transaction?
a. −$1,000
b. +$1,000
c. −$10,000
d. +$10,000.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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