FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that on October 24 you Sell 13 March gold futures contracts for $270 per ounce. At 11:00 am on October 25 you buy 10

image text in transcribed
Suppose that on October 24 you Sell 13 March gold futures contracts for $270 per ounce. At 11:00 am on October 25 you buy 10 March contracts for $271.5 ounce. At the close of trading on October 25. gold futures settle for $276.0 ounce. If the contract size is 100 ounces and the initial margin equals 2700, how much do you gain or lose as of the close? 033000 0.300.0 -3300.0 3000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Entrepreneurial Finance

Authors: Philip J. Adelman; Alan M. Marks

6th edition

9780133099096, 133140512, 133099091, 978-0133140514

More Books

Students also viewed these Finance questions

Question

★★★★★
Choose a retailer that you believe would be, but is not yet, successful in other countries. Explain why you think it would be successful.

Answered: 1 week ago

Question

★★★★★
True or False The graph of the exponential function f (x) = a x , where a > 0 and a 1, has no x-intercept.

Answered: 1 week ago

Question

★★★★★
2. Why do some public officeholders view public unions as a dangerous threat? Is the threat real? Is curbing union power an effective strategy for dealing with budget deficits?

Answered: 1 week ago

Question

★★★★★
Nasoff Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2011, an asset account for the company showed the following balances:...

Answered: 1 week ago

Question

★★★★★
Suppose that on October 24 you Sell 13 March gold futures contracts for $270 per ounce. At 11:00 am on October 25 you buy 10 March contracts for $271.5 ounce. At the close of trading on October 25....

Answered: 1 week ago

Question

★★★★★
A company reports the following beginning inventory and two purchases for the month of January. On January 26 , the company sells 350 units. Ending inventory at January 31 totals 150 units. ssume the...

Answered: 1 week ago

Question

★★★★★
Draw a picture to illustrate the situation. Regan, Chris, and Ava are sending text messages to each other regarding their favorites on a talent competition TV show. Choose the best drawing below. A....

Answered: 1 week ago

Question

★★★★★
Before Article 7 was revised, negotiable bills of lading were printed on white pages while nonnegotiable bills of lading were printed on yellow pages. Group of answer choices True False

Answered: 1 week ago

Question

★★★★★
An integral part of a refined cost management system is the Blank______. Multiple choice question. search for the best manager for a department decision about which marketing firm to hire to redesign...

Answered: 1 week ago

Question

★★★★★
The Analects of Confucius strike a very pessimistic tone. True False

Answered: 1 week ago

Question

★★★★★
3. Megan's lawsuit is considered fairly large because of the extent of her injuries and the amount of damages. Which form of settlement request would her attorney most likely use? a. Settlement...

Answered: 1 week ago

Question

★★★★★
=+still be true if the production function exhibited increasing or decreasing returns to scale? Explain. (For the defi nitions of increasing and decreasing returns to scale, see Chapter 3, Problems...

Answered: 1 week ago

Question

★★★★★
=+the twentieth century. Use the Solow model to forecast the effect of this slowdown in population growth on the growth of total output and the growth of output per person. Consider the effects both...

Answered: 1 week ago

Question

★★★★★
=+8. Consider how unemployment would affect the Solow growth model. Suppose that output is produced according to the production function Y = K[(1 u)L] 1 , where K is

Answered: 1 week ago

Previous Question Next Question