You Own One Futures Contract on Gold That You Purchased

question 67

Multiple Choice

You own one futures contract on gold that you purchased at a quoted price of 948.4.The current price quote is 1008.8.The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce.What is your current profit or loss on this investment?

• A)$30.40
• B)$912.00
• C)$3,040.00
• D)$6,040.00
• E)$9,120.00

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Ethyl Alcohol

A volatile, flammable, colorless liquid commonly used as the principle ingredient in alcoholic beverages.

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