You Purchased Two April Futures Contracts on Gold When the Price

question 43

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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