Question
You are a speculator and youve issued a 1Y forward contract for a delivery of 100 ounces of gold for a price of 3,000 USD
You are a speculator and youve issued a 1Y forward contract for a delivery of 100 ounces of gold for a price of 3,000 USD per ounce. What would be your results if an actual price at a delivery date is: a. 3.500 USD per ounce, b. 2.800 USD per ounce. Solutions: P/L (a) = - 50,000 PLN / P/L (b) = - 20,000 PLN
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
