Question
You sell 13 March copper contracts at 4.461. The contract is defined as 25,000 pounds; $/lb; $2,600, $1,560. At the end of the month the
You sell 13 March copper contracts at 4.461. The contract is defined as 25,000 pounds; $/lb; $2,600, $1,560. At the end of the month the price stands at 4.342. Your equity in this position is thus
Show your work.
Answer is: $72,475.00
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
