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Rickos Rickos
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7 years ago
You sold one July futures contract of pork bellies at $.59 per lb. One contract represents 40,000 lbs. of pork bellies. By the end of the day, the price had fallen to $.57 per lb. What was your profit or loss for the day?
A) $800 profit
B) $356 loss
C) $800 loss
D) There is no profit or loss until the contract expires.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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7 years ago
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