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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Corporate Finance With Connect Access Card

ISBN: 978-1259672484

10th Edition

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

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