The contract size is You decided to speculate in the market and sold six platinum futures contracts when the futures price was $1,391.20 per troy ounce. The price on the contract maturity date was $1,395. 50 troy ounces. What was your total profit or loss on the settlement day position in the spot market? You sold for less than the eventual price, 1391.2)*6 contracts * 50 oz = 1140 loss if you had to cover your so you lost money. market (1395-
The contract size is You decided to speculate in the market and sold six platinum futures contracts when the futures price was $1,391.20 per troy ounce. The price on the contract maturity date was $1,395. 50 troy ounces. What was your total profit or loss on the settlement day position in the spot market? You sold for less than the eventual price, 1391.2)*6 contracts * 50 oz = 1140 loss if you had to cover your so you lost money. market (1395-
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
Section: Chapter Questions
Problem 1PS
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