Question: 1 contract= 100 shares Question 50 2 points Save Answer You are long 3 contracts of 1-yr gold futures with a delivery price (K) of

1 contract= 100 shares
Question 50 2 points Save Answer You are long 3 contracts of 1-yr gold futures with a delivery price (K) of $1,200. What will be your payoff at expiry if the gold price at expiry (S_T) is $1100
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
