You purchased six July futures contracts on silver when the price quote was 10.497. Given today's prices as shown in the table, your total profit (loss) to date is:

Silver - 5,000 troy oz.; $ per troy oz.

A) -$2,070.
B) -$690.
C) -$210.
D) $210.
E) $2,070.

Question

You purchased six July futures contracts on silver when the price quote was 10.497. Given today's prices as shown in the table, your total profit (loss) to date is:

Silver - 5,000 troy oz.; $ per troy oz.

A) -$2,070. 
B) -$690. 
C) -$210. 
D) $210. 
E) $2,070.

Quizplus · Accepted Answer

The Answer of You purchased six July futures contracts on silver when the price quote was 10.497. Given today's prices as shown in the table, your total profit (loss) to date is:

Silver - 5,000 troy oz.; $ per troy oz.

A) -$2,070. 
B) -$690. 
C) -$210. 
D) $210. 
E) $2,070.

You Purchased Six July Futures Contracts on Silver When the Price