You go short on 10 oil futures contracts on NYMEX when the futures price of oil is
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Question:
You go short on 10 oil futures contracts on NYMEX when the futures price of oil is $79 a barrel and close out your position three days later at a futures price of $83.67 a barrel. One future contract is for 1,000 barrels. What are your gain or losses?
Related Book For
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
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