A trader buys 4 crude palm oil futures contracts at RM1,100 and the price rises to RM1,130. The market then falls and the trader liquidates them at RM1,115. What is the profit from the above transaction?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
A. RM15
B. RM30
C. RM375
D. RM1,500
Answer:D
A trader buys 4 crude palm oil futures contracts at RM1,100 and the price rises to RM1,130. The market then falls and the trader liquidates them at RM1,115. What is the profit from the above transaction?<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
A. RM15 B. RM30 C. RM375 D. RM1,500