You own 2 futures contract on gold that you purchased at a quoted price of 1,448.5. The
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You own 2 futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1405.5. The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce. What is your current profit or loss on this investment?
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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