Mathematics, 24.08.2020 02:01, lcyaire
On the futures market, the price of gold is quoted in dollars per troy ounce, and each gold contract guarantees the delivery of 100 troy ounces of gold. If Brent bought 2 gold ounces at $1,400 per troy ounce, and some of the gold was delivered to him in 1-kilogram bricks, what was the purchase price of each 1-kilogram brick, to the nearest dollar? (Note: 1 troy ounce=31.103 grams) A) $9,002 B) $22, 506 C) $45,012 D) $560,000
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On the futures market, the price of gold is quoted in dollars per troy ounce, and each gold contract...
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