Suppose you sell five May 2015 gold futures contracts on 16 April 2015, at the last price

Question:

Suppose you sell five May 2015 gold futures contracts on 16 April 2015, at the last price of the day at $1,648.6 per ounce. What will your profit or loss be if gold prices turn out to be $1,500 per ounce at expiration and $1,300 per ounce at expiration?

Assume each contract is for 100 ounces.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Corporate Finance

ISBN: 9780077173630

3rd Edition

Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe

Question Posted: