Jim sells (goes short) a futures contract on crude oil. The contract size is 10,000 barrels and the initial price is $10
Posted: Sun May 08, 2022 10:49 am
Jim sells (goes short) a futures contract on crude oil. The
contract size is 10,000 barrels and the initial price is
$100.00 per barrel. The following day the price moves to $100.10.
What is the total dollar amount of the gain or loss for the entire
10,000 barrel contract? Enter your answer to the nearest cent
(i.e. two decimal places) and insert a negative sign if the amount
is a loss.
contract size is 10,000 barrels and the initial price is
$100.00 per barrel. The following day the price moves to $100.10.
What is the total dollar amount of the gain or loss for the entire
10,000 barrel contract? Enter your answer to the nearest cent
(i.e. two decimal places) and insert a negative sign if the amount
is a loss.