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What price do you pay per ounce of silver

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Reference no: EM133024830

Question - Suppose you purchase a silver futures contract with a price of $17.82 per ounce and the exchange date is in the next week. At the time you enter the futures contract, the price of silver is at $17.75. On the exchange date, the spot price of silver is at $17.80 and you have not closed out your futures contract. What price do you pay per ounce of silver on the exchange date?

Reference no: EM133024830

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