Question
A futures contract on copper traded at the Chicago Mercantile Exchange has a denomination of 25,000 pounds. Today you enter into a long futures position
A futures contract on copper traded at the Chicago Mercantile Exchange has a denomination of 25,000 pounds. Today you enter into a long futures position of 10 contracts on copper at $3.31 per pound, maturing in 6 months. If copper is trading at $3 at maturity, what is your net profit from this position?
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The Best Retirement Guides For Adults Successful Techniques To Make Your Money Last A Lifetime
Authors: Rebecca W. Anderson
1st Edition
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