Question
You sold six platinum futures contracts when the futures price was $1,391.20 per troy ounce. The contract settlement price is $1,395 today. The contract size
You sold six platinum futures contracts when the futures price was $1,391.20 per troy ounce. The contract settlement price is $1,395 today. The contract size is 50 troy ounces. What was your total gain or loss marked to market?
A) $190 B) $1,140 C) $190 D)$22.8 E) $1,140
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
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