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The contract size for platinum futures is 5 0 troy ounces. Suppose you need 7 0 0 troy ounces of platinum and the current futures
The contract size for platinum futures is troy ounces. Suppose you need troy ounces of platinum and the current futures price
is $ per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit
if platinum sells for $ a troy ounce when the futures contract expires? What if the price is $ at expiration?
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the
nearest whole number.
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