Marking to Market You are long 10 gold futures contracts, established at an initial settle price of
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Marking to Market You are long 10 gold futures contracts, established at an initial settle price of $1,580 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,587, $1,582, $1,573, and $1,584, respectively. Compute the cash flows at the end of each trading day, and compute your total profit or loss at the end of the trading period.
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Related Book For
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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