Question
Consider a speculator in a long oil futures contract that controls 1000 barrels of oil. If the speculator signs 13 long positions when the price
Consider a speculator in a long oil futures contract that controls 1000 barrels of oil. If the speculator signs 13 long positions when the price of oil is 135.7, and the price of oil changes to 54.8, how much money has the speculator made or lost?
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
