Question
If gold today is $1,100 per ounce, and you think the price will rise to $1,700 in three months, you should: A. Buy a 3-month
If gold today is $1,100 per ounce, and you think the price will rise to $1,700 in three months, you should:
A. Buy a 3-month futures contract with a settlement price of $1,200
B. Sell a 3-month futures contract with a settlement price of $1,100
C. Buy gold today and sell a 3-month futures contract with a settlement price of $1,100
D. Sell gold today and buy a 3-month futures contract with a settlement price of $1,100
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
