Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. jim sells (goes short) a futures contract on crude

Jim sells (goes short) a futures contract on crude oil. The contract size is 10,000...

90.2K

Verified Solution

Question

Finance

Jim sells (goes short) a futures contract on crude oil. The contract size is 10,000 barrels and the initial price is $100.00 per barrel. The following day the price moves to $100.10. What is the total dollar amount of the gain or loss for the entire 10,000 barrel contract? Enter your answer to the nearest cent (i.e. two decimal places) and insert a negative sign if the amount is a loss.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) What are the advantages and disadvantages of communication via the nervous system and communication via...

Medical Sciences
Q

A soccer ball has 32 faces, each of which is a regular pentagon or hexagon. Because...

Advance Math
Q

This semester, we learned that Congress designed the Code to include deductions that can be taken...

Accounting
Q

Which of the following synthesizes testosterone? the interstitial cells.the sertoli cellsthe cells of the anterior...

Biology
Q

Which of the following is NOT a sentence fragment? If only I could make. You...

Biology
Q

Simplify to an expression involving a single trigonometric function with no fractions.(cos(-x)/ (tan(-x) +( sin(-x)

Calculus
Q

8 Using vectors explain how to determine the volume of the following parallelepiped Determine its...

Calculus
Q

Solve for y 2 7 Simplify your answer as much as possible 6 y 0...

Algebra
Q

The master budget at Monroe Manufacturing last period called for sales of 42,000 units at...

Accounting
Q

vember 2021 The focus of this assignment is on preparing journal entries for the activities...

Accounting
Q

Masala's Beta is Margin of error for correct responses: +/ . .05 Rounding and Formatting...

Accounting
Q

You have decided to invest in an equally weighted portfolio consisting of Bank of America,...

Finance