Futures Contracts on Palladium Are Based on 50 Troy Ounces

question 39

Multiple Choice

Futures contracts on palladium are based on 50 troy ounces and are priced in dollars per troy ounce. Assume today's open price on one May contract was 758.90 and the settle price was 756.10. You own three May contracts which you purchased at a quote of 749.30. What is your total profit or loss to date?

• A) $1,020
• B) −$1,545
• C) −$420
• D) −$1,020
• E) $1,545

---

Definitions:

SSI Classification

Surgical Site Infection classification, categorizing post-operative infections based on severity and location, used to evaluate and reduce risks in surgical procedures.

Room Temperature

The temperature prevailing in a closed space, considered to be generally comfortable for humans, typically around 20-22 degrees Celsius (68-72 degrees Fahrenheit).

SSI Guidelines

Protocols and recommendations aimed at preventing Surgical Site Infections, emphasizing sterile procedures, antibiotic use, and patient care practices.