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

question 35

Multiple Choice

On March 1,you contract to take delivery of 1 ounce of gold for $415. The agreement is good for any day up to April 1. Throughout March,the price of gold hit a low of $385 and hit a high of $435. The price settled on March 31 at $420,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) $5.
• E) $20.

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Definitions:

Anorexia Nervosa

An eating disorder characterized by an obsession with losing weight, leading to severe undernutrition and an unrealistic perception of body image.

Avoidant Personality Disorder

A mental health condition characterized by a long-standing pattern of avoidance of social interactions, feelings of inadequacy, and extreme sensitivity to negative evaluation.

Bulimia

An eating disorder characterized by binge eating followed by purging, to avoid weight gain.

Anorexia

A potentially life-threatening eating disorder characterized by extreme weight loss, fear of gaining weight, and a distorted body image.