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(Solved): On June 30, 2011, the price of 5,000 ounces of silver for December 1, 2013, was about $36$180,000 fo ...
On June 30, 2011, the price of 5,000 ounces of silver for December 1, 2013, was about $36$180,000 for
all 5,000 ounces$20. Should
Chloe agree to buy or sell silver in a futures contract?
Chloe should buy, because $20 is less than $36.
Chloe should buy, because it will enable her to make $179,980.
Chloe should sell, because $20 is less than $36.
Chloe should sell, because it will enable her to make $179,980.