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

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

, Futures Contracts w Mard 27600 275 748 2Se5 -00085 120806 Fe 121900 12194 1209.2 121070 -BM 219373 Apel L220 20 122029 120980 121150-AN 780 De 121700 121S 121400 23 BN 22902 Apre 121600 1216.75 1211.001250.8.75 10 2 12050 12231012312 095053 Nc0 12-149215 5 323 Mach 16575 16550 sno us" -QO93 291 Jasa 13-ao 129 047 115-125119-045 1susss. 1142 872 1 30Day Federalhnds(Crn$5000e 100.de 50 51 3 Mah 25s Dee16 60.30 6158 9G32 6057-432 24,198 an 99 7525 529,S 745-0025 9,73 285 4023 26 8417.3452 ,4429.0002 March 404.7540? 2539575 39625 -a75 622.973 March 9901 .99L3 .9839 .9879 ..005L 42249300 419 75 42125 00 189,117 Ane Jan 204.75 L055 25.10.502052 75 7,538 March 11884 1.1904 41809 1.1a57-0004 4030160 Rnish R eallisas: nun 7,DJlada trialesnnonso onk.17w w.as41 Naic 9425 54S SB5 5 50 1225 201,155 0000125_, . 58459 sa775-1100 es,421June, 25M '172 DOM 217 112223 619.25620.00-1125 75903 SEPS00 ndmom May 35 35 65325 25 250 115 March 2997 10 202400 195B0 200 2 950 2016. 50 1989 50 201250 25.50 61 Naich 2z2 210 222 22 2B.375 20325 550 March 1407901400 14090 42.10 19 60 82531 60.7u Jne-4094 0452 1 40R40 4140.8 49.3 15R40 L1760 14.7 m7932 Maeh 317 50324.90 33670322.75 5.30 3.512 June. 20 11245 1114 112280 13. 97 PR 60 70 50 00 se se

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