You sell (go short) 10 gold futures contracts at $400 per ounce, where the contract size is

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You sell (go short) 10 gold futures contracts at $400 per ounce, where the contract size is 100 ounces. At contract maturity, gold is selling for $410 per ounce. What is your profit (+) or loss (−) on the transaction?

a. −$1,000

b. +$1,000

c. −$10,000

d. +$10,000.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Dec 28, 2023 04:02 AM

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You sell (go short) 10 gold futures contracts at $400 per ounce, where the contract size is

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To calculate the profit or loss on a short position in g...View the full answer

Fundamentals Of Investments Valuation And Management

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