You opened a short position on one contract of silver, Financial Management

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You opened a short position on one contract of silver

You opened a short position on one contract of silver futures for November settlement at a price of $15.10 per ozt (troy ounce). Today November futures are trading at $15.90/ozt. What is your net profit on this position?

One silver futures contract is for 5,000 troy ounces. Ignore trading fees.

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Financial Management: You opened a short position on one contract of silver

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Financial Management: You opened a short position on one contract of silver

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