You are long 10 gold futures contracts, established at an initial settle price of $1,210 per ounce,
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You are long 10 gold futures contracts, established at an initial settle price of $1,210 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,217, $1,213, $1,206, and $1,212, respectively. Compute the cash flows at the end of each trading day, and compute your total profit or loss at the end of the trading period.
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Input Area of long futures 10 Initial settle price 1210 Ounces per contract 100 Fi...View the full answer
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Related Book For 
Corporate Finance
ISBN: 978-0077861759
11th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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