You speculate in the market by selling 10 gold futures contracts when the futures price is $524.30 per ounce. The price on the contract maturity date is $521.70. What is your total profit (loss) if the
Contract size is 100 ounces?
A) -$2,600
B) -$260
C) $26
D) $260
E) $2,600
Correct Answer:
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