You Purchased Three July Futures Contracts on Silver When the Price

question 289

Multiple Choice

You purchased three July futures contracts on silver when the price quote was 13.405. Given today's prices as shown in the table, your total profit or loss to date is:

Silver - 5,000 troy oz.: cents per troy oz.

• A) -$1,005
• B) -$335
• C) $1,090
• D) $1,440
• E) $3,270

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