Suppose you sell five March 2012 silver futures contracts on November 22, 2011, at the last price
Question:
Suppose you sell five March 2012 silver futures contracts on November 22, 2011, at the last price of the day. What will your profit or loss be if silver prices turn out to be $31.39 per ounce at expiration? What if silver prices are $30.86 per ounce at expiration?
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The price quote is 31187 per ounce and each contract is for 5000 ounces so the init...View the full answer
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Related Book For 
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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