Unanswered Question 1 You Answered 0/1 pts You are expected to deliver 19,642 ounces of silver...
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Unanswered Question 1 You Answered 0/1 pts You are expected to deliver 19,642 ounces of silver to your main customer six months from now. You are concerned that the price of silver (which is $14 today) may go up, and thus, you decide to hedge by buying a futures contract on gold. The cost per gold ounce in the futures contract is $12. Six months from now, the price of both silver and gold are now $25. You close your positions. What is your overall gain/loss? Please round your answer to the nearest three decimals (if needed). Do not type the $ symbol. Correct Answer 39,284 margin of error +/- 2% Unanswered Question 1 You Answered 0/1 pts You are expected to deliver 19,642 ounces of silver to your main customer six months from now. You are concerned that the price of silver (which is $14 today) may go up, and thus, you decide to hedge by buying a futures contract on gold. The cost per gold ounce in the futures contract is $12. Six months from now, the price of both silver and gold are now $25. You close your positions. What is your overall gain/loss? Please round your answer to the nearest three decimals (if needed). Do not type the $ symbol. Correct Answer 39,284 margin of error +/- 2%
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