Angelina buys (goes long) a futures contract on gold. The contract size is 100 troy ounces and the initial price is $1,9
Posted: Sun May 08, 2022 10:49 am
Angelina buys (goes long) a futures contract on gold. The
contract size is 100 troy ounces and the initial price is $1,900.00
per troy ounce. The following day the price moves to $1,880.00.
What is the total dollar amount of the gain or loss for the entire
100 troy ounces 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 100 troy ounces and the initial price is $1,900.00
per troy ounce. The following day the price moves to $1,880.00.
What is the total dollar amount of the gain or loss for the entire
100 troy ounces contract? Enter your answer to the nearest
cent (i.e. two decimal places) and insert a negative sign if the
amount is a loss.