Multiple Choice
You purchased one silver future contract at $3 per ounce.What would be your profit (loss) at maturity if the silver spot price at that time is $4.10 per ounce? Assume the contract size is 5,000 ounces and there are no transactions costs.
A) $5.50 profit
B) $5,500 profit
C) $5.50 loss
D) $5,500 loss
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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