An investor has bought 7 contracts of oil at the price of 38$/barrel. Each contract concerns 1200

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An investor has bought 7 contracts of oil at the price of 38$/barrel. Each contract concerns 1200 barrels. If the price at maturity rises to $42/barrel calculate the profit / loss of the investor and choose one of the following:

a. 8400 X 4 = profit $33.600

b. 8400 X (-4) = loss $ 33600

c. 1200 X 4 = profit $4800

d. 7000 X 4 = profit $ 28000

Related Book For answer-question

Cost Management Measuring Monitoring and Motivating Performance

ISBN: 978-0470769423

2nd edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott

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Posted Date: Jan 04, 2021 12:44 PM

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An investor has bought 7 contracts of oil at the price of 38$/barrel. Each contract concerns 1200

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Cost Management Measuring Monitoring and Motivating Performance

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