Andy enters in a futures contract allowing him to sell 5,000 troy ounces of gold at $1,000 per ounce in 36 months. After that time passes, the market price of gold is $950 per troy ounce. How much did Andy make or lose? Choose one.

Andy lost $250,000.

Andy made $50.

Andy made $250,000.

Andy lost $50.

Question

Mathematics

Hannah Contreras

10 July, 06:53

Andy enters in a futures contract allowing him to sell 5,000 troy ounces of gold at $1,000 per ounce in 36 months. After that time passes, the market price of gold is $950 per troy ounce. How much did Andy make or lose? Choose one.

Andy lost $250,000.

Andy made $50.

Andy made $250,000.

Andy lost $50.

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Haylee Zavala · Answer 1

1) A solution of 0.10 M SO4 is available. What is the normality of this solution when used in the following reactions? a - Pb (aq) + SO, (aq) PhS04 (s) b. HCI (ag) + S0 (aq) + + HSO, (ag) + Cl (aq) c. SO. + 4H, 0 (aq) ' 2e H, SO: (aq) + SH; 0 (1)

Andy enters in a futures contract allowing him to sell 5,000 troy ounces of gold at $1,000 per ounce in 36 months. After that time passes, the market price of gold is $950 per troy ounce. How much did Andy make or lose? Choose one.Andy lost $250,000.Andy made $50.Andy made $250,000.Andy lost $50.