Question
A mining company went short on 40 gold futures contracts at a price of $1,677 per ounce. The contract size is 100 ounces. If the
A mining company went short on 40 gold futures contracts at a price of $1,677 per ounce. The contract size is 100 ounces. If the futures contract price is $1,685 per ounce when the company closes its position, what is the companys profit on the futures contracts?
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Sport Finance
Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver
2nd Edition
0736067701, 978-0736067706
