Mitch Sold 10 Futures Contracts on Copper at a Price

question 46

Multiple Choice

Mitch sold 10 futures contracts on copper at a price of $.8063 per pound. Contracts on copper are set at 25,000 pounds. What is the amount of Mitch's profit or loss if the price on the maturity date is
$) 8104?

• A) -$1,025.00
• B) -$410.00
• C) -$102.50
• D) $102.50
• E) $1,025.00

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