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ABC entered into 3 short futures contracts for AC common shares. Each contract has a standard size of 1,000 shares and a total agreed price of P1,200. On the agreed date, the market value of an AC share is P1,180   Compute the net gain or (loss).

ABC entered into 3 short futures contracts for AC common shares. Each contract has a standard size of 1,000 shares and a total agreed price of P1,200. On the agreed date, the market value of an AC share is P1,180   Compute the net gain or (loss).

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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ABC entered into 3 short futures contracts for AC common shares. Each contract has a standard size of 1,000 shares and a total agreed price of P1,200. On the agreed date, the market value of an AC share is P1,180

 

Compute the net gain or (loss).

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