Business, 24.08.2021 20:50, gunnatvinson

Today, you purchased a futures contract obligating you to purchase 100 troy ounces of gold for $1,218 per ounce any time over the next month. Assume the spot price of gold falls to $1,216 tomorrow. What will be your cash flow tomorrow for this contract

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Today, you purchased a futures contract obligating you to purchase 100 troy ounces of gold for $1,21...