Multiple Choice
You sell 10 gold futures contracts when the futures price is $342.70 per ounce (each contract is for 100 ounces) . The price on the maturity date is $302.30. What is your payoff?
A) -$40,400
B) -$4,040
C) $404
D) $4,040
E) $40,400
Correct Answer:
Verified
Correct Answer:
Verified
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