You purchased three July futures contracts on silver when the price quote was 13.405. Given today's prices as shown in the table, your total profit or loss to date is:

Silver - 5,000 troy oz.: cents per troy oz.

A) -$1,005
B) -$335
C) $1,090
D) $1,440
E) $3,270

Question

You purchased three July futures contracts on silver when the price quote was 13.405. Given today's prices as shown in the table, your total profit or loss to date is:

Silver - 5,000 troy oz.: cents per troy oz.

A) -$1,005 
B) -$335 
C) $1,090 
D) $1,440 
E) $3,270

Quizplus · Accepted Answer

The Answer of You purchased three July futures contracts on silver when the price quote was 13.405. Given today's prices as shown in the table, your total profit or loss to date is:

Silver - 5,000 troy oz.: cents per troy oz.

A) -$1,005 
B) -$335 
C) $1,090 
D) $1,440 
E) $3,270

You Purchased Three July Futures Contracts on Silver When the Price