Question
You believe crude oil price are going to increase and long 1 contract of oil today which is January (the oil contract size is 1,000
You believe crude oil price are going to increase and long 1 contract of oil today which is January (the oil contract size is 1,000 barrels per contract). The current oil future price for delivery in March is $59.48 per barrel. If crude oil is selling for $62.48 at the contract maturity date, whats your profits/losses?
| A. | $5,000
| |
| B. | $3,000
| |
| C. | $2,000
| |
| D. | $4,000
|
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
