You Own Three January Futures Contracts on Gold

question 3

Multiple Choice

You own three January futures contracts on gold. What is the total value of your position as of the end of this day's trading?
Gold - 100 troy oz.:
u.S. dollars and cents per troy oz.

• A)$66,050
• B)$66,740
• C)$66,820
• D)$198,150
• E)$200,460

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Definitions:

Debt/Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how efficiently a company is using its equity to create profits.

P/E Ratio

The price-to-earnings ratio, a valuation metric for assessing a company's current share price relative to its per-share earnings.

Financial Statements

Documents that report on a company's financial performance and situation, including the balance sheet, income statement, and cash flow statement.