Refer to Table 23.1 in the text to answer this question. Suppose you sell an October 2001
Question:
Refer to Table 23.1 in the text to answer this question. Suppose you sell an October 2001 copper futures contract on September 4, 2001. What will your profit or loss be if copper prices turn out to be $.90 per pound at expiration? What if copper prices are $.50 per pound at expiration?
Table 23.1
Transcribed Image Text:
GRAINS AND OILSEEDS LIFETIME OPEN HIGH LOW SETTLE CHANGE HIGH LOW Corn (CBT) 5,000 bu.: cents per bu. Sept 219 219 217 218 Nov Dec 232 226 226 226 225 - 1 232 229 231 - 1 1 3332 Mar May July Sept Dec 235 235 242 243 247 248 252 Sept Oct Slow 202 250 250 235 235 2412 243 Oct Dec Fb:02 Aar June 245 247 250 248 252 25114 FUTURES PRICES Tuesday, September 4, 2001 Open Interest Reflects Previous Trading Day. 249 253 253 253 Dc03 264 264 263% 2634 Est voll 57.000 vol Fri 57 959. open imt 357.192 +1.467. 22762 192 17.020 24215 199 1,213 275 2021 231,541 243 2270 443 213 205 56,806 266¹ 221 13,893 34 2791 22714 18.379 4252 233 272 2391 299 253¹ LIVESTOCK AND MEAT Cattle-Feeder (CME) 50,000 lbs.: cants per lb. 90.45 91.5 90.40 91.05 + 65 90.10 91.00 90.05 90.80 + 92.00 86.05 65 52.10 B8.05 90.40 91.00 90.30 91.00 + 52 52.30 86.40 90.25 90.47 90.15 90.45 + 15 31.50 86.45 89.50 89.95 89.50 89.95 + 15 50.80 88 40 10 91.15 88 30 Ja2 Mar Apr 89.40 89.90 89.40 89.90 + Est val 2290 vol Fri 3.523; apen int 15.306 -336. Cattle-Live (CME) 40,000 lbs.; cents per lb. 72.95 73.45 72.87 73.37 + 74.35 74.90 74.30 74.80 + 71.95 22 76.50 20 77.20 72 80 C7 77.57 73.32 C2 78.72 75.00 13 74.85 72.35 30 OPEN INT. 76.00 76.30 75.85 76.12 + 77.80 77.85 77.45 77.82 74.00 74.25 73.95 74.22 Aug 74.75 74.95 74.60 74.90 Est vol 11,381 vel Fri 15,531. open int 108.028. +1.296. 75.20 73 20 1.693 13.578 1,092 2.216 5.518 3.631 1,897 315 242 44.208 25.017 20.643 8.294 9.168 617 CURRENCY LIFETIME OPEN HIGH LOW SETTLE CHANGE HIGH LOW Japan Yen (CME)-12.5 million yen: $ per yen (.00) Sept De: Est val 20,253 vo Fri 24.548 open in 114653 183. INTEREST RATE Treasury Bonds (CBT)-$100,000; pts 32nds of 100% Sept 106-02 103-04 104-13 134-14 Dec 105-13 105-13 103-18 ¹03-22 Est vol 380 000; vol Fri 189.391 open in 546016.-9.802. Sepi Ocl NCA 8413 8441 8367 5381 0061 9950 7983 110.933 8478 8512 8440 8453 0049 9880 8060 3.379 Dec Ja02 Feb METALS AND PETROLEUM Copper-High (Cmx.Div.NYM)-25,000 lbs.; cents per lb. 65.00 65 45 64.95 65.15 0.05 93.00 64.95 65.25 65.50 65.20 65.15 0.10 92 40 65.20 65.50 65 50 65.50 65.35 55.80 66.20 65.40 65.70 56.15 66.15 65.15 66.05 0.10 91.75 65.50 0.10 92.00 65.40 0.10 90.80 66.15 0.10 90.00 66.50 Mar May July n.a. 66.50 65.50 66.40 - 66.75 67.10 65.75 26.75 0.10 91.00 66.75 57.30 67.60 67.20 67.30 - 0.10 83.60 67.20 58.00 68.30 60.00 67.80 - 0.10 3.90 68.00 68.30 68.90 68.40 38.25 0.10 83.00 68.40 68.80 68.90 68.70 68.70 0.10 63.00 68.70 Est val 11,000 vol Fri 11.905: open int 90.278. +475 Gold (Cmx.Dlv.NYM)-100 troy oz.: $ per troy oz. 271.80 Sept M Dec Sept 1.50 275.6 Cel 273.10 273.10 271.10 272.30 Dec 275.00 275 80 272.70 273.70 27500 275.00 274 30 27450 267.00 1.50 300.00 260.00 1.40 429.50 260.00 Fh02 140 2950 260 97 OPEN INT. 11 5: 106-25 96-22 148.952 $2 105-25 97-25 392,936 5.547 6.857 2.612 49,711 1.691 1.159 7.826 3.106 2.626 1.557 3176 10.022 84.607 9532
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Emel Khan
I have the ability to effectively communicate and demonstrate concepts to students. Through my practical application of the subject required, I am able to provide real-world examples and clarify complex ideas. This helps students to better understand and retain the information, leading to improved performance and confidence in their abilities. Additionally, my hands-on approach allows for interactive lessons and personalized instruction, catering to the individual needs and learning styles of each student.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
Question Posted:
Students also viewed these Business questions
-
Complete the available-to-promise table below: On Hand = 30 Forecast Customer Orders Master Production Schedule Available-to-Promise 1 2 100 50 75 50 100 50 Period 3 100 4 50 116 73 50 100 5 100 45...
-
Refer to Table 23.1 in the text to answer this question. Suppose you sell five May 2014 silver futures contracts this day at the last price of the day. What will your profit or loss be if silver...
-
Refer to Table 23.1 in the text to answer this question. Suppose you purchase a July 2014 cocoa futures contract this day, at the last price of the day. What will your profit or loss be if cocoa...
-
A W. Hopes year ended on 30 June 2011. Write up the ledger accounts, showing the transfers to the financial statements and the balances carried down to the next year for the following: (a)...
-
a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing system. c. Analyze the internal control weaknesses in the system. Model your response according to...
-
Suppose an 8-bit data word stored in memory is 11000010. Using the Hamming algorithm, determine what check bits would be stored in memory with the data word. Show how you got your answer.
-
Define patterns, methodologies, and recipes and give an example for each.
-
The Glass House, a glass and china store, sells nearly half its merchandise on credit. During the past four years, the following data were developed for credit sales and losses from uncollectible...
-
More info The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Dansville estimated that its overhead for the coming year would be $300,000....
-
a. What is hedging? b. Why do firms place greater emphasis on hedging now than they did in the past?
-
You want to find the specifications for futures contracts. Go to the Chicago Board of Trade at www.cbot.com and, under the Market Info pull-down menu, follow the Contract Specs link. Now follow the...
-
From 2013 to 2014, Colossal Company's current ratio increased and its quick ratio decreased. What does this imply about the level of inventory and prepaids?
-
The IRC allows individuals and businesses to make noncash contributions to qualifying charities and to claim deductions for these contributions on their income tax returns. The Internal Revenue...
-
Investment portfolio rebalancing is part of which phase in the investment planning process? I. Planning. II. Implementation. III. Monitoring. IV. Updating. A. I. B. I, II. C. III. D. II, IV.
-
Robert purchased a single life annuity for \($100,000.\) His lifetime monthly payment is \($1,000.\) According to actuarial tables, Roberts life expectancy is 10 years. Which is correct? A. If Robert...
-
Investors in real estate seek which objective? A. High correlation with common stock. B. Liquidity. C. Long-term growth. D. Low correlation with inflation.
-
Regarding contributions to an HSA, which of the following statements is incorrect? A. Contributions can be made by the employer or the individual, or both. B. Contributions made by the employer are...
-
In reviewing the accounts of Kelli Taylor Co. at the end of the year, you discover that adjusting entries have not been made. Instructions Write a memo to Kelli Taylor, the owner of Kelli Taylor Co....
-
Which of the following streaming TV devices does not involve use of a remote controller? A) Google Chromecast B) Apple TV C) Amazon Fire TV D) Roku
-
Brown & Co. issued seven-year bonds two years ago that can be called aft er two years. The bonds make semiannual coupon payments at a coupon rate of 7.875 percent. Each bond has a market value of...
-
Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $936.05. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is...
-
You bought a six-year bond issued by Runaway Corp. four years ago. At that time, you paid $974.33 for the bond. The bond pays a coupon rate of 7.375 percent, and coupon payments are made...
-
12) Christopher sells ATVs in the Baton Rouge area. His commission is based on his monthly sales. Sales generated First $0 to $40,000 7.5% Next $40,000 9% All sales above $80,000 10% Calculate...
-
You are the CFO of Brutus Co. and expect your firm to generate FCFs of $450,000 per year (starting next year) for 10 years. After that, annual FCFS will grow by 1% per year forever. Therefore, FCF in...
-
Consider two mutually exclusive projects A and B: Project Co Cash Flows (dollars) G C NPV at 10% A -33,000 23,400 B -53,000 36,000 23,400 36,000 +$ 7,612 +9,479 a. Calculate IRRS for A and B. Note:...
Study smarter with the SolutionInn App