Cumulative mark to market be if silver prices

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Reference no: EM131997857

Suppose you sell ten July 2014 silver futures contracts on this day, at the last price of the day which is $19.174 per ounce. Each contract is for 5,000 ounces.

What will your cumulative mark to market be if silver prices are $19.10 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value if a profit or as a negative number if a loss. Round to the nearest whole number, i.e. dollar, e.g., 32.)

Cumulative MTM = $_____

Reference no: EM131997857

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