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You are long 1 0 gold futures contracts, established at an initial settle price of $ 1 , 6 0 0 per ounce, where each
You are long gold futures contracts, established at an initial settle price of $ per ounce, where each contract represents ounces. Over the subsequent four trading days, gold settles at $ $ $ and $ respectively. a Calculate the profit or loss for each trading day. b Compute your total profit or loss at the end of the trading period.
You are long gold futures contracts, established at an initial settle price of $ per ounce, where
each contract represents ounces. Over the subsequent four trading days, gold settles at $
$ $ and $ respectively.
a Calculate the profit or loss for each trading day.
b Compute your total profit or loss at the end of the trading period.
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