Problem 25-4 Marking to Market

You are long 10 gold futures contracts, established at an initial settle price of $1,540 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,541, $1,532, $1,540, and $1,545, respectively.

Calculate the profit or loss for each trading day. (Do not round intermediate calculations. A negative amount should be indicated by a minus sign.)

	Profit/Loss
Day 1	$
Day 2	$
Day 3	$
Day 4	$

Compute your total profit or loss at the end of the trading period.(Input amount as a positive value. Do not round intermediate calculations.)

(Click to select)ProfitLoss

$