Multiple Choice
You decided to speculate in the market and sold 8 gold futures contracts when the futures price was $867.50 per ounce.The price on the contract maturity date was $730.40.What was your total profit or loss if the contract size was 100 ounces?
A) -$109,680
B) -$13,710
C) $13,710
D) $54,840
E) $109,680
Correct Answer:
Verified
Correct Answer:
Verified
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