Business, 01.07.2020 15:01 cynthiauzoma367

Suppose you sold a futures contract on gold 3 months ago when the futures price was $1,350 per ounce. Each contract is on 100 ounces of gold. The contract is closed out today. The current futures price is $1,340. Part a. What was your position?
Part b. What was the buyer’s position?
Part c. Calculate your loss/gain on the contract.

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