The contract size for platinum futures is 50 troy ounces, Financial Management

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The contract size for platinum futures is 50 troy ounces

The contract size for platinum futures is 50 troy ounces. Sup-pose you need 300 troy ounces of platinum and the current futures price is $2,025 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar pro?t if platinum sells for $2,075 a troy ounce when the futures contract expires? What if the price is $1,975 at expiration?

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Financial Management: The contract size for platinum futures is 50 troy ounces

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Financial Management: The contract size for platinum futures is 50 troy ounces

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