On March 1,you Contract to Take Delivery of 1 Ounce

question 37

Multiple Choice

On March 1,you contract to take delivery of 1 ounce of gold for $495. The agreement is good for any day up to April 1. Throughout March,the price of gold hit a low of $425 and hit a high of $535. The price settled on March 31 at $505,and on April 1^st you settle your futures agreement at that price. Your net cash flow is:

• A) -$30.
• B) -$20.
• C) -$15.
• D) $10.
• E) $20.

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Definitions:

Intrastate Issues

Matters or disputes confined within the borders of a single state, not involving or crossing state lines.

Issuers

Entities that create and distribute financial instruments like stocks, bonds, or notes to finance operations or expand capital.

Profits Within the State

Income generated within a specific state's geographical boundaries, subject to state taxation and regulation.

Investment Company Act

A United States federal law that was enacted in 1940 to regulate the organization of investment companies and the activities they engage in, primarily to protect investors.