The future price of Gold for August 2022 delivery is $1,920. Future contracts are for 100 ounce
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Question:
a. How much you need to have in your account to buy one future contract?
b. Assume you buy one August gold contract at $1,920, and gold price goes up and you sell your August future contract at a price of 2,050. Estimate your Dollar return and percentage return.
c. If gold price goes down and you sell your future contract at $1680, what is your percentage loss?
Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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