9. Kenny took a position short 10,000 pounds of February copper at $2.53 a pound. By December, the price of February copper hod risen to $2.85 a pound, and Kenny took a position long 10,000 pounds at this price. Did Kenny make or lose money on this deal? a. b. Calculate the amount of his profit or loss.

9. Kenny took a position short 10,000 pounds of February copper at $2.53 a pound. By December, the price of February copper hod risen to $2.85 a pound, and Kenny took a position long 10,000 pounds at this price. Did Kenny make or lose money on this deal? a. b. Calculate the amount of his profit or loss.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter22: International Financial Management

Section: Chapter Questions

Problem 7P

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