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Calculate the profit or loss for each trading day

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Reference no: EM132846723

Question - You are long 10 gold futures contracts, established at an initial settle price of $1,520 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,523, $1,518, $1,527, and $1,532, respectively.

a. Calculate the profit or loss for each trading day.

b. Compute your total profit or loss at the end of the trading period.

Reference no: EM132846723

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