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kickykhalil kickykhalil
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A year ago
Suppose the standard size of a copper futures contract is 25,000 pounds each. At initiation of a futures contract, the futures price is $22.50 per pound. At expiration of the futures contract, the copper price is $19.50 per pound. Which of the following is true?


▸

The short (seller) side profits by $3 per pound.



▸

The long (purchaser) side profits by $3 per pound.



▸

Demand for copper has risen relative to its supply.



▸

The two parties split the profit.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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dhk72dhk72
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A year ago
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kickykhalil Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
wyq2651
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Yesterday
Thanks for your help!!
ky
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2 hours ago
Good timing, thanks!
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