Suppose a buyer of a futures contract bought the futures contract at $13 per unit. Which of the following settlement price will allow the buyer of this contract to have a gain of $4 per contract?Group of answer choices$4.$9.$13.$17.
Question
Suppose a buyer of a futures contract bought the futures contract at 4 per contract?Group of answer choices9.17.
Solution
The buyer of the futures contract will have a gain of 17. This is because the buyer initially bought the contract at 17, this means the price has increased by 4 per contract.
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