On June 1,you Contract to Take Delivery of 1 Ounce

Multiple Choice

On June 1,you contract to take delivery of 1 ounce of gold for $965. The agreement is good for any day up to July 1. Throughout June,the price of gold hit a low of $960 and hit a high of $990. The price settled on June 30 at $980,and on July 1^st you settle your futures agreement at that price. Your net cash flow is:

A) -$20.
B) -$15.
C) -$5
D) $15.
E) $20.