Question
Suppose you sell (short) one futures contract for April 2021 delivery at the closing price of $831 on January 15, 2021. What is your profit
Suppose you sell (short) one futures contract for April 2021 delivery at the closing price of $831 on January 15, 2021. What is your profit or loss if the contract closes at $837 on March 19, 2021? (Each contract calls for delivery of 5,000 bushels.)
Multiple Choice
$6 gain
$6 loss
$3,000 gain
$30,000 loss
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Finance Plain And Simple
Authors: Sebastian Nokes
1st Edition
0273731297, 978-0273731290
