Question: 6. Suzy took a short position on a March contract on January 3rd and closed out the position on January Suzy took a short positi

6. Suzy took a short position on a March contract on January 3rd and closed out the position on January Suzy took a short positi 17. The spot price of Gold on January 3rd was $1.551.61 per troy ounce and on January 17, the spot price was $1,556.35 per troy ounce. Based on this information, how much did Suzy pay or receive per ounce for 3 contracts? Suzy is interested in hedging the price she will receive for the Gold she has to sell. Contract Month January February March Futures Price January 3rd $1,549.00 $1,552.50 $1,555.30 Futures Price January 17th $1,558.50 $1,560.30 $1,563.60

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