Question
1.You own one futures contract on gold that you bought at a quoted price of 954.2. The current price quote is 989.3. The contract size
1.You own one futures contract on gold that you bought at a quoted price of 954.2. The current price quote is 989.3. The contract size is 100 ounces, and the quotes take the form of dollars and cents per ounce. What's your current profit or loss on this investment?
A. ($2,462)
B. $3,510
C. $2,824
D. ($3,120)
2.A year ago, you bought 500 shares of Apple stock at $98.44 a share. Over the past year, you received a total of $823 in dividends from the stock. Today, you sold your shares for $112.24 per share. What's your total return on this investment?
A. 16.21%
B. 12.44%
C. 18.32%
D. 15.69%
3.A company's stock had the following returns over the past five years: 12.1, 15, 7.2, 9, and 5 percent. What's the geometric average return?
A. 10.45%
B. 8.23%
C. 7.14%
D. 9.60%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started