A trader sells a gold futures contract at A$450.00/oz and then closes it out at A$480.00/oz.Each contract is for 10,000 ounces of gold.What has been the change in the trader's position in the futures contract?
A) Gain of $300,000.00
B) Loss of $300,000.00
C) Gain of $30.00
D) Loss of $30.00
Correct Answer:
Verified
Q1: Suppose that willed Oil has agreed to
Q2: Those firms that deal frequently in large
Q4: A trader purchases 10 BHP call options,each
Q5: Ideally,in undertaking risk management,a financial manager would
Q6: Forward contracts are similar to normal transactions
Q7: Which of the following is not a
Q8: The holder of a put option will
Q9: A bank- accepted bill contract has been
Q10: Techniques that involve hedging,purchasing insurance,or changing gearing
Q11: A contract in which the buyer and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents