You Sell 10 Gold Futures Contracts When the Futures Price

question 93

Multiple Choice

You sell 10 gold futures contracts when the futures price is $342.70 per ounce (each contract is for 100 ounces) . The price on the maturity date is $302.30. What is your payoff?

• A) -$40,400
• B) -$4,040
• C) $404
• D) $4,040
• E) $40,400

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