What will your cumulative mark to market be if gold prices

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Reference no: EM132019028

Suppose you sell nine May 2014 gold futures contracts on this day, at the last price of the day which is $1,295.60 per ounce.

Each contract is for 100 ounces. What will your cumulative mark to market be if gold prices are $1,291.85 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: EM132019028

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