On March 1, You Contract to Take Delivery of 1

question 39

Multiple Choice

On March 1, you contract to take delivery of 1 ounce of gold for £415.The agreement is good for any day up to April 1.Throughout March, the price of gold hit a low of £385 and hit a high of £435.The
Price settled on March 31 at £420, and on April 1st you settle your futures agreement at that price.
Your net cash flow is:

• A)£-30.
• B)£-20.
• C)£-15.
• D)£ 5.
• E)£20.

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Definitions:

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to their community.

Mental Illness

A broad range of medical conditions that affect a person's thought processes, emotions, or behavior and can lead to distress or impairment in social, work, or family activities.

Workplace

The physical or virtual location where employees perform their job duties.

Corporate Social Responsibility

Corporate Social Responsibility refers to a business model where companies incorporate social and environmental concerns in their operations and interactions with stakeholders.