6. Futures Profits (LO3, CFA4) The contract size for platinum futures is 50 troy ounces. Suppose you

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6. Futures Profits (LO3, CFA4) The contract size for platinum futures is 50 troy ounces. Suppose you need 300 troy ounces of platinum and the current futures price is $850 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit if platinum sells for $900 a troy ounce when the futures contract expires? What if the price is $800 at expiration?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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