You own one futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1405.5. The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce. What is your current profit or loss on this investment?

Multiple Choice

• -$4,300.00

• $912.00

• -$912.00

• -$43.00

• $4,300.00

Alicia owns 500 shares of Danube stock. She thinks the market price will continue to rise but would like to ensure that she can get at least $47.50 a share should she decide to sell her shares. The 47.50 call option is quoted at $1.05 bid, $1.15 ask. The 47.50 put is quoted at $0.80 bid, $0.85 ask. How much will it cost her to ensure that she can sell all of her shares for at least $47.50 each?

Multiple Choice

• $805

• $670

• $425

• $530

• $740