Question
Nine months ago, four traders made the following transactions: Betty: Bought 100 ounces of gold Billy: Sold one futures contract on gold (100 ounces) Bob:
Nine months ago, four traders made the following transactions:
Betty: Bought 100 ounces of gold
Billy: Sold one futures contract on gold (100 ounces)
Bob: Bought one futures contract on gold (100 ounces)
Bev: Kept cash in the bank--no trades executed
Today, spot price of gold went down substantially.
Who isbetter off?
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Applied Financial Macroeconomics And Investment Strategy
Authors: Robert T McGee
1st Edition
1137428394, 978-1137428394
