You Purchased Two April Futures Contracts on Gold When the Price

question 195

Multiple Choice

You purchased two April futures contracts on gold when the price quote was 656.7. Given today's prices as shown in the table, what is your current profit or loss?

Gold - 100 troy oz.: dollar and cents per troy oz.

• A) $40
• B) $80
• C) $120
• D) $380
• E) $760

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Definitions:

Straight Voting

A voting method in corporate elections allowing shareholders to cast all their votes for a single candidate for each available position.

Minority Shareholders

Shareholders who own a smaller portion of a company's shares and typically do not have control or significant influence over company decisions.

Ordinary Proxy

A standard proxy that grants another individual the right to vote shares on behalf of the shareholder at a company's annual meeting.

Model Business Corporation Act

A set of model laws prepared to provide a standard for the governance of corporations, which individual states may adopt or modify.