Andy enters into a futures contract, allowing him to sell 5,000 troy ounces of gold at $1,000

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Andy enters into a futures contract, allowing him to sell 5,000 troy ounces of gold at $1,000 per ounce in 36 months. After that time passes, the market price of gold is $950 per troy ounce. How much does Andy make or lose?

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Modern Principles Of Microeconomics

ISBN: 9781429278416

3rd Edition

Authors: Tyler Cowen, , Alex Tabarrok

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Question Posted: Oct 11, 2022 03:16 AM

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Andy enters into a futures contract, allowing him to sell 5,000 troy ounces of gold at $1,000

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Modern Principles Of Microeconomics

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