Question
Futures contracts are written on crude oil. You enter alongfutures position covering 20,000 barrels of oil, with a futures price (F) of $50 per barrel.
Futures contracts are written on crude oil. You enter alongfutures position covering 20,000 barrels of oil, with a futures price (F) of $50 per barrel. Several weeks later, when you close that futures position, the futures price on oil is $40 per barrel. What is the profit or loss on your futures trading?
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
