Futures contracts on gold are based

Assignment Help Financial Management

Reference no: EM131067141

Futures contracts on gold are based on 100 troy ounces and priced in dollars per troy ounce. Assume the January gold contract settled today (in December) at 1285.10 and opened at 1284.60. The April contract settled at 1285.30 and opened at 1285. You own four of the April contracts that you purchased at 1284.70. What is your total profit or loss to date?

Reference no: EM131067141

Questions Cloud

Proxy beta is : A proxy beta is:

The system requirements in terms of users training : Discuss the system requirements in terms of users training and requirements, ICT support, implementation timeframe, maintenance and costing requirements (5 marks)

Before-tax component cost of debt : Oberon, Inc., has a $25 million (face value) 12-year bond issue selling for 98 percent of par that pays an annual coupon of 8.05 percent. What would be Oberon’s before-tax component cost of debt?

The new project is riskier than the firms existing projects : If the new project is riskier than the firm's existing projects, then it should be charged a higher cost of capital. If the new project is riskier than the firm's existing projects, then it should be charged a lower cost of capital. If the new projec..

Futures contracts on gold are based : Futures contracts on gold are based on 100 troy ounces and priced in dollars per troy ounce. Assume the January gold contract settled today (in December) at 1285.10 and opened at 1284.60. The April contract settled at 1285.30 and opened at 1285. You ..

Management accounting information : Management accounting information should be relevant, reliable , comparable and understandable. Assess the importance of materiality in connection with these four characteristics and analyse the implications for presenting managerial accounting in..

Compounded annually to meet all of these obligations : Morson & Colton Manufacturing is doing some financial planning. The company knows it will need to have $185885 to re-tool the manufacturing line in 14 years. It anticipates it will be receiving a lump sum of $59663 at the end of year 8 from a licensi..

Reported on the income statement using the equity method : A Company buys voting common stock in B Company as an investment. Briefly explain /discuss how A's income from its investment in B would be reported on the income statement using the equity method

Powerful force in the universe is compound interest : “The most powerful force in the universe is compound interest,” according to an article in the Morningstar Column dated February 13, 2007. Patricia Wiseman is 30 years old and she invests $3,100 in an annuity, earning a 7% compound annual return at t..

User Account

All Pages