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sashaice [31]
2 years ago
13

You own one futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1,405.5. The co

ntract size is 100 ounces and the quotes are expressed in dollars and cents per ounce. What is your current profit or loss on this investment?
a. $912.00.
b. $4,300.00.
c. −$43.00.
d. −$4,300.00.
e. −$912.00.
Business
1 answer:
Inessa [10]2 years ago
6 0

Answer:

d. -$4,300.00

Explanation:

Calculation for What is your current profit or loss on this investment

Using this formula

Current profit or loss = Contract size*(Current price quote-Quoted price )

Let plug in the formula

Current profit or loss = 100 *($1,405.5-$1,448.5)

Current profit or loss = 100 *-$43

Current loss = -$4,300.00

Therefore your current loss on this investment will be -$4,300.00

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Answer:

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Lance lopes went to his bank to find out how long it will take for $1,500 to amount to $2,700 at 15% simple interest. can you so
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To find simple interest: 

Time = Interest/(Principle)(Rate)

Interest is the amount of interest paid
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Answer:

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