Refer to Table 25.2 in the text to answer this question. Suppose you sell five March 2021
Question:
Refer to Table 25.2 in the text to answer this question. Suppose you sell five March 2021 silver futures contracts on December 4, 2020, at the last price of the day. What will your profit or loss be if silver prices turn out to be $24.83 per ounce at expiration? What if silver prices are $23.16 per ounce at expiration?
Transcribed Image Text:
Futures Contracts Metal & Petroleum Futures Contract Open High hilo Low Copper-High (CMX) 25,000 lbs:$perlb 3.4800 3.5055 Dec 3.4580 March 21 3.4935 3.5230 A 3.4695 Gold (CMX)-100 troy oz. $pertroy oz Doc 1829.20 1842.00 1830.50 1844.00 Jan 21 Feb Apri June Aug 1833.90 1847.40 1837.00 1850.70 1839.50 1852.90 1843.60 1854.40 Palladium (NYM)-50 troy oz:$pertroy oz 2360.00 2360.00 Dec 2225.10 March 21 2417.60 2431.60 2228.00 Platinum (NYM)-50 troy oz: $ per troy oz. Doc Jan 21 1020.20 1042.10 1005.00 Silver (CMX)-5,000 troy oz. $pertroy oz Dec 24.100 24.340 23.935 23.850 Jan Feb March 45.84 45.98 46.07 Jan Feb 45.42 46.13 45.46 46.08 Jan Feb March Apri May Oct March 21 24.220 24420 Crude Oil, Light Sweet (NYM)-1000 bbls. $porbbl 44.99 45.14 45.24 13612 1.3984 1.3721 1.4049 1.2376 1.2664 1.2447 1.2749 1825.30 1836.80 11.10 15,718 1824.00 1838.40 10.80 2,428 1826.70 1841.10 10.90 396,152 1830.50 1844.70 10.80 69,763 1832.90 1847.10 10.80 31,294 1836.10 1849.00 10.60 8,469 - 2760 2768 2.756 2769 2.706 2711 2637 2644 44.66 44.84 44.98 Apri 45.07 June 45.06 Dec 44.86 45.18 44.46 NY Harbor ULSD (NYM)-42000 gal: $ per gal Jan 13541 1.3933 Feb 13633 2636 2.649 2761 2,792 Natural Gas (NYM)-10,000 MMBtu. Sper 2.484 2.486 2.441 2.393 Open Settle Chg Interest 4,633 3.4790 0.0040 3.4905 0.0015 167,647 1.2239 12357 2302.10 -95.30 102 2317.90 -90.30 9,561 Gasoline-NY RBOB (NYMD-42000 gal:Spergal 2.405 2.560 1037.00 26.60 1038.60 26.50 24.087 0.062 3,337 24.137 0.057 127,183 45.64 45.79 45.91 45.96 45.93 45.00 1 48,031 0.36 377,052 0.35 205,147 0.34 192,213 0.32 97,163 0.29 214,184 0.01 282,937 0271 110,717 1.3999 0246 49,764 1.2617 0218 125,665 1.2705 0191 46,848 MMBtu 2.507 -273 298,896 -263 96,590 2.515 2.476-247 195,204 2.434 -223 86,784 2.449 -210 54,769 2.614 -184 92,144
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Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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