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VashaNatasha [74]
3 years ago
6

A trader enters into a one-year short contract to sell an asset for $60 when the spot price is $58. The spot price in one year p

roves to be $63. What is the traders gain or loss one-year from now?
Business
1 answer:
Dima020 [189]3 years ago
8 0

Answer:

$3 loss

Explanation:

Given that

Selling value of an asset = $60

Spot price at that time = $58

The Spot price in one year = $63

So, the now the gain or loss for one year would be

= Selling value of an asset - Spot price in one year

= $60 - $63

= $3 loss

Since we have to find out for one year so we considered the price for one year i.e selling price and the spot price            

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