Use the following soybean futures quotes:

-You own one futures contract on gold that you purchased at a quoted price of 1,448.5.The current price quote is 1608.8.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) $160.30
B) $1,912.00
C) $8,040.00
D) $16,030.00
E) $19,120.00

Question

Use the following soybean futures quotes:
 
-You own one futures contract on gold that you purchased at a quoted price of 1,448.5.The current price quote is 1608.8.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) $160.30 
B) $1,912.00 
C) $8,040.00 
D) $16,030.00 
E) $19,120.00

Quizplus · Accepted Answer

Net profit = 100 × ($1,608.80 - $1448.50) = $16,060.00

Use the Following Soybean Futures Quotes