Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the contract size for platinum futures is 50 troy

The contract size for platinum futures is 50 troy ounces. Suppose you need 250 troy...

50.1K

Verified Solution

Question

Finance

The contract size for platinum futures is 50 troy ounces. Suppose you need 250 troy ounces of platinum and the current futures price is $860 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit if platinum sells for $910 a troy ounce when the futures contract expires? What if the price is $810 at expiration? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest whole number.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The effect of applying x milligrams of drug A and y milligrams of drug B...

Basic Math
Q

hey, how to solved the question such as \"State which features are categorical\". and \"Which are...

Statistics
Q

1. Which subject had the highest rankings for relative peak power? Which subject had the lowest...

Statistics
Q

In essay format, give a detailed explanation of linear regression, talking about what it is, its...

Statistics
Q

The skiing duo of Brian (77 kg ) and Ashley (54 kg ) is always...

Physics
Q

On January 1, 2018, Swan Company issued bonds with the following characteristics: Face Value (per bond) $                1,000 Number of bonds...

Accounting
Q

Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been...

Accounting
Q

Determine whether the given vector functions are linearly dependent or linearly independent on the interval...

Algebra
Q

QUESTION TWO The directors of Total engineering Company Limited...

Accounting
Q

Cash Paid for Merchandise Purchases The cost of merchandise sold for Patterson Corporation for...

Accounting
Q

Their financial analyst has estimated that the cost for this route will be as follows:...

Accounting
Q

At the end of its first year, the trial balance of Denton company shows equipment...

Accounting