Dont use chat gpt$.$

A speculator opens a short position in $50$ crude oil contracts at a price of $77\mathrm{.}55.$ One month later

the speculator closes out the position at a price of $78\mathrm{.}28.$

a$.$ What is the speculator$$s profit$/$loss$?$ $$36,500$ loss

b$.$ What is the return on the speculator$$s investment? $-8\mathrm{.}11\%$

c$.$ If$,$ instead, the speculator closes out the position at a futures price of $77\mathrm{.}03$ what is the

speculator$$s profit$/$loss and return? $$26,000$ profit; $5\mathrm{.}78\%$