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You Own Three September Futures Contracts on Silver

Question 12

Multiple Choice

You own three September futures contracts on silver. What is the total value of your position as of the end of this day's trading?

Silver - 5,000 troy oz.; $ per troy oz.
You own three September futures contracts on silver. What is the total value of your position as of the end of this day's trading? Silver - 5,000 troy oz.; $ per troy oz. A) $156,420 B) $157,020 C) $157,665 D) $157,935 E) $158,355


A) $156,420
B) $157,020
C) $157,665
D) $157,935
E) $158,355

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