You went long 20 July 2022 crude oil futures contracts at a price of $116.50. Looking back
Question:
You went long 20 July 2022 crude oil futures contracts at a price of $116.50. Looking back at Figure 14.1, if you closed your position at the settle price on this day, what was your profit?
Figure 14.1
Transcribed Image Text:
Futures Contracts Futures Prices (June 3, 2022) Metal & Petroleum Futures Open High Hlo Low Suttle Chy Intard 0 45673 44725 1775 -0.0765 2000 197280 19896 2 139.80 1905.rmos 18 北 2025.00 612 00 639.70 15 0 15 35 82 45 道路 Agriculture 235 1942 1849.70 1250.20 -21.20 1990 900 1845.40-2110 11,543 5 3 48 江塔塔话 版 阙版源謗及和苏亚 官 金魚 High Colo litra Treanus Rom We a wai wuwsgrestrode Open 15080 189-136 152-280 154-01-2018 139-730 139-260 137-130 19 0017 118-115 118-175 22: we d Troasury Notes (a)-$200000.pts fantse R 05-20 105-105 93.9150 98.0850 0000 4000 1726-170-12.0 11,962 of dota 463,198 957900 968150 -450 25382 0 3445406 93.2300 98.2375 0025 1,118807 96.7550 96.7750 -0200 1331, 199 38,292
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
20 100...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Question Posted:
Students also viewed these Business questions
-
You went long 20 June 2016 crude oil futures contracts at a price of $42.18. Looking back at Figure 14.1, if you closed your position at the settle price on this day, what was your profit? Figure...
-
According to IATA, "The COVID-19 crisis has disrupted global air travel resulting in a dramatic decrease in the consumption of jet fuel by airlines. Coupled with this decline was a deep and rapid...
-
Problem 10 The Solow Growth Model is an exogenous model of economic growth that analyzes changes in the level of output in an economy over time as a result of changes in the population growth rate,...
-
The balancing item in the Executive Paper model is borrowing. What is meant by balancing item? How would the model change if dividends were made the balancing item instead? In that case how would you...
-
Explain what is meant by the term degeneracy within the context of transportation modeling.
-
Describe the wide variety of legal issues that occur in the emergency department setting.
-
Suppose demand and supply are given by Qd = 60 - P and Qs = P - 20. a. What are the equilibrium quantity and price in this market? b. Determine the quantity demanded, the quantity supplied, and the...
-
Develop a valuation model for the long-term corporate bond with a face value at maturity of $100,000, a maturity of 10 years, a coupon interest rate of 6%, and a market yield of 8%. The coupons are...
-
A stock index futures contract maturing in one year has a currently traded price of $1,000. The cash index has a dividend yield of 2 percent and the interest rate is 5 percent. Spot-futures parity...
-
A Treasury note futures contract has a quoted price of 100. The underlying bond has a coupon rate of 7 percent and the current market interest rate is 7 percent. Spot-futures parity then implies a...
-
A company has total assets of $2.5 million, total liabilities of $1.8 million, and $200,000 worth of 8 percent preferred stock outstanding. What is the firms total book value? What would its book...
-
Draw a class diagram using the following scenario below without considering any design patterns. Show the associations between the classes with navigability and multiplicity. Show the attributes and...
-
.) Suppose we have two-class data that can be separable by two lines as seen in the Figure. In order to classify data, 1X2 100+0x + x = 0 a) Propose a classifier and labeling expression with respect...
-
Using the accompanying Cost of Living Adjustments data to find the best multiple regression model to predict the salary as a function of the adjusted cost for living rates. What would the comparable...
-
Case 1: Use AFN Formula and calculate additional funds needed for Year 20x4E. Assume that MMI Company's total revenue will grow at 30% next year, and currently a company is fully utilized its fixed...
-
Refer to Table 10-4. a. What was the settlement price on the June 2020 5-Year U.S. Treasury Notes futures contract on March 13, 2020? (Do not round your intermediate calculations. Round your...
-
In contrast to the high-low method, how many observations does regression analysis use to estimate fixed and variable costs?
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
Because their college had just upgraded its residence halls, two seniors decided to build a model of the decision to live on campus. They collected data from 533 upper-class students (first-year...
-
In 2008, Goldman and Romley studied hospital demand by analyzing how 8,721 Medicare-covered pneumonia patients chose from among 117 hospitals in the greater Los Angeles area. The authors concluded...
-
The word recursive is used to describe an equation that has an impact on a simultaneous system without any feedback from the system to the equation. Which of the equations in the following systems...
-
Order picking is time consuming and is the highest priority activity in the warehouse for productivity improvements (Time cost money). Name three concerns relating to the order picking process in...
-
How can the utilization of sophisticated data visualization techniques, such as interactive dashboards and advanced graphical representations, augment the accessibility and interpretability of...
-
Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2024. International Machines manufactured the equipment at a cost of $96,000. Manufacturers...
Study smarter with the SolutionInn App