Question: 3. [1 point) Using the prices below, what was Kylee's total gain/loss on a long position in three Corn contracts closed out on January 3m?

 3. [1 point) Using the prices below, what was Kylee's total

3. [1 point) Using the prices below, what was Kylee's total gain/loss on a long position in three Corn contracts closed out on January 3m? All prices are in US cents per bushel for the March 2022 contract. Kylee initiated the position on October 2, 2021. Each contract is for 5,000 bushels. Date Price October 2, 2021 549.75 October 13, 2021 522.00 November 2, 2021 581.25 December 2, 2021 576.50 December 27, 2021 614.75 January 3, 2022 589.00 4. [1 point) Dantel took a short position on slx February 2022 Crude Oil contracts at $65.81 per barrel on November 30, 2021 since prices had been trending down somewhat. On November 10th, the price on the February 2022 contract reached $81.33 per barrel and then dropped to $65.40 on December 2nd. On December 214, the price was $68.60 and on January 134, the price had rebounded to $82.14 per barrel. If Daniel closed out his position on January 13, what was his gain/loss per barrel on his trade? Each contract is for 1,000 barrels

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!