Ted purchased two October futures contracts on cotton at the closing price yesterday and sold the contracts at the opening price today. What is the amount of Ted's profit or loss on this investment?
A) -$500
B) -$350
C) $175
D) $1,425
E) $1,650

Question

Ted purchased two October futures contracts on cotton at the closing price yesterday and sold the contracts at the opening price today. What is the amount of Ted's profit or loss on this investment?
A) -$500 
B) -$350 
C) $175 
D) $1,425 
E) $1,650

Quizplus · Accepted Answer

The Answer of  Ted purchased two October futures contracts on cotton at the closing price yesterday and sold the contracts at the opening price today. What is the amount of Ted's profit or loss on this investment?
A) -$500 
B) -$350 
C) $175 
D) $1,425 
E) $1,650

Ted Purchased Two October Futures Contracts on Cotton at the Closing