Question
Today, you purchased a futures contract obligating you to purchase 500 troy ounces of gold for $1,816 per ounce any time over the next month.
Today, you purchased a futures contract obligating you to purchase 500 troy ounces of gold for $1,816 per ounce any time over the next month. Assume the spot price of gold falls to $1,814 tomorrow. What will be your cash flow tomorrow for this contract? Multiple Choice $500 $1,000 $0 $1,000 $500
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
