A futures contract on copper traded at the chicago


A futures contract on copper traded at the Chicago Mercantile Exchange has a denomination of 25,000 pounds. Today you enter into a long futures position of 10 contracts on copper at $3.43 per pound, maturing in 6 months. If copper is trading at $3.75 at maturity, what is your net profit from this position?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A futures contract on copper traded at the chicago
Reference No:- TGS01734419

Expected delivery within 24 Hours