Question
Warning: This question has changing parameters It is July 1st. The price of January 1st oil futures is currently $84/barrel, and the size of 1
Warning: This question has changing parameters It is July 1st. The price of January 1st oil futures is currently $84/barrel, and the size of 1 contract is 72 barrels. If you went long 1 contracts on July 1st and the price of oil falls to $77/barrel, what is your profit on the position?
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
