Solved

You Purchased Four April Futures Contracts on Gold When the Price

Question 37

Multiple Choice

You purchased four April futures contracts on gold when the price quote was 692.5.Given today's closing prices as shown in the table,what is your current profit or loss?
Gold - 100 troy oz.:
U.S.dollars and cents per troy oz. You purchased four April futures contracts on gold when the price quote was 692.5.Given today's closing prices as shown in the table,what is your current profit or loss? Gold - 100 troy oz.: U.S.dollars and cents per troy oz. A) $18,600 B) $21,000 C) $21,800 D) $23,680 E) $26,080


A) $18,600
B) $21,000
C) $21,800
D) $23,680
E) $26,080

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: You are the buyer for a cereal

Q34: The National Bank has an agreement with

Q35: You decided to speculate in the market

Q36: Futures contracts:<br>A)are identical to forward contracts except

Q36: A forward contract:<br>A) requires that payment be

Q38: A graph depicting the gains and losses

Q39: Which one of the following methods of

Q40: Explain how a manufacturer who has an

Q41: The seller of a forward contract:<br>A) is

Q52: Long-run financial risk:<br>A) can frequently be hedged