You purchased four April futures contracts on gold when the price quote was 687.7. Given today's closing prices as shown in the table, what is your current profit or loss?
Gold - 100 troy oz.:
u.S. dollars and cents per troy oz.
A)$16,600
B)$18,120
C)$20,800
D)$23,680
E)$26,080

Question

You purchased four April futures contracts on gold when the price quote was 687.7. Given today's closing prices as shown in the table, what is your current profit or loss?
Gold - 100 troy oz.:
u.S. dollars and cents per troy oz. 
A)$16,600 
B)$18,120 
C)$20,800 
D)$23,680 
E)$26,080

Quizplus · Accepted Answer

Total profit to date = 4 F1F1F1S1F1F1F10 100 F1F1F1S1F1F1F10 ($733 - $687.70) = $18,120

You Purchased Four April Futures Contracts on Gold When the Price