You purchased three July futures contracts on silver when the price quote was 5.2. Given today's closing
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Question:
You purchased three July futures contracts on silver when the price quote was 5.2. Given today's closing prices as shown in the table, your total profit or loss to date is:
Silver - 5,000 troy oz.: dollars and cents per troy oz.
Open | High | Low | Settle | Chg | |
Jul | 5.971 | 6.131 | 5.970 | 6.100 | .134 |
Sep | 5.973 | 6.142 | 5.969 | 6.117 | .133 |
$855
$13,253
$13,500
$13,637
$13,136
Expert Answer:
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