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Author Question: Consider the information on the Chicago Board of Trade Gold Futures contract in the table above. ... (Read 40 times)

lb_gilbert

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on: Apr 25, 2021



Consider the information on the Chicago Board of Trade Gold Futures contract in the table above. 

Today is June 1st and you want to use CBOT gold futures contracts to speculate on the price of gold, which you think is going to rise. The current spot price for gold is $1,248.70. The futures price for July delivery is $1,250. You buy 1 contract for July delivery. What is your cumulative profit on the transaction if the futures price for gold is $1,258.20 in July?
◦ $800
◦ $820
◦ $950
◦ $1,100
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by lb_gilbert on Apr 25, 2021

jomama

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lb_gilbert

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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