Refer to Table 25.2 in the text to answer this question. Suppose you sell five March 2015

Question:

Refer to Table 25.2 in the text to answer this question. Suppose you sell five March 2015 silver futures contracts on January 8, 2015, at the last price of the day. What will your profit or loss be if silver prices turn out to be $16.61 per ounce at expiration? What if silver prices are $16.43 per ounce at expiration?

Table 25.2