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You Purchased Three September Futures Contracts on Silver When the Price

Question 88

Multiple Choice

You purchased three September futures contracts on silver when the price quote was 10.472. Given today's prices as shown in the table, you have a total profit (loss) to date of:

Silver - 5,000 troy oz.; $ per troy oz.
You purchased three September futures contracts on silver when the price quote was 10.472. Given today's prices as shown in the table, you have a total profit (loss) to date of: Silver - 5,000 troy oz.; $ per troy oz. A) -$855. B) -$585. C) $585. D) $675. E) $855.


A) -$855.
B) -$585.
C) $585.
D) $675.
E) $855.

Correct Answer:

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