This topic contains a solution. Click here to go to the answer

Author Question: Consider the information on the Chicago Board of Trade Gold Futures contract in the table and answer ... (Read 68 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578



Consider the information on the Chicago Board of Trade Gold Futures contract in the table and answer the following question.

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 fall. The current spot price for gold is 650. The futures price for October delivery is 658.9. You sell 1 contract for October delivery. What is your cumulative profit on the transaction if the futures price for gold is 641 in October?
◦ $900
◦ $1,200
◦ $1,790
◦ $1,850


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by JMatthes on Apr 25, 2021

poopface

  • Sr. Member
  • ****
  • Posts: 339
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.
Answer Preview
Only 35% of students answer this correctly




JMatthes

  • Member
  • Posts: 578
Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library