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Suppose you purchased one-ounce of gold for $1050 for delivery next month. Yesterday's price of gold was $1000. The spot price of gold then falls

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Suppose you purchased one-ounce of gold for $1050 for delivery next month. Yesterday's price of gold was $1000. The spot price of gold then falls to $995 today. If the contract is marked to market on a daily basis as the price changes, what is your cash flow per ounce of gold at the end of the day today? (ignore contract size) A. $0 B. $5 C. -$5 D. $55 E. -$55 Suppose in the above question, you are the seller instead of the buyer, what is your cash flow at the end of the day today? A. $0 B. $5 C. -$5 D. $55 E. -$55

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