You sell (go short) 10 gold futures contracts at $400 per ounce, where the contract size is

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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?

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Posted Date: Dec 18, 2020 10:30 AM

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You sell (go short) 10 gold futures contracts at $400 per ounce, where the contract size is

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present price sale100... View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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