Question: Open Contract Open High hi lo Chg interest Low Settle Corn (CBT)-5,000 bu.; cents per bu. Dec March'16 381.25 384.25 375.75 376.00 5.75 386,290 Natural

Open Contract Open High hi lo Chg interest Low Settle Corn

Open Contract Open High hi lo Chg interest Low Settle Corn (CBT)-5,000 bu.; cents per bu. Dec March'16 381.25 384.25 375.75 376.00 5.75 386,290 Natural Gas (NYM)-10,000 MMBtu. $ per MMBtu. Dec Jan'16 Feb March April May 372.75 375.50 366.50 366.75 6.25 550,478 2.373 2.387 2.274 2.300 2.535 2.544 2.423 2.449 2.558 2.571 2.453 2.480 2.5592.561 2.4492 479 2.509 2.509 2.414 2.446 2.529 2.529 2.450 2.478 071 253,091 -.083 262,791 077 66,305 .069 109,844 89,244 36,545 056 054 Problem 14-1 Understanding Futures Quotations (LO1, LO2, CFA2) Using Figure 14.1, answer the following questions: a. What was the settle price for March 2016 corn futures on this date? What is the total dollar value of this contract at the close of trading for the day? (Input all amounts as positive values. Enter the settle price rounded to 4 decimal places and round the dollar value to 2 decimal places Settle price Dollar value b. What was the settle price for December 2015 natural gas futures on this date? If you held 55 contracts, what is the total dollar value of your futures position? (Input all amounts as positive values. Enter the settle price rounded to 4 decimal places and round the dollar value to the nearest whole number.) Settle price Dollar value Open Contract Open High hi lo Chg interest Low Settle Corn (CBT)-5,000 bu.; cents per bu. Dec March'16 381.25 384.25 375.75 376.00 5.75 386,290 Natural Gas (NYM)-10,000 MMBtu. $ per MMBtu. Dec Jan'16 Feb March April May 372.75 375.50 366.50 366.75 6.25 550,478 2.373 2.387 2.274 2.300 2.535 2.544 2.423 2.449 2.558 2.571 2.453 2.480 2.5592.561 2.4492 479 2.509 2.509 2.414 2.446 2.529 2.529 2.450 2.478 071 253,091 -.083 262,791 077 66,305 .069 109,844 89,244 36,545 056 054 Problem 14-1 Understanding Futures Quotations (LO1, LO2, CFA2) Using Figure 14.1, answer the following questions: a. What was the settle price for March 2016 corn futures on this date? What is the total dollar value of this contract at the close of trading for the day? (Input all amounts as positive values. Enter the settle price rounded to 4 decimal places and round the dollar value to 2 decimal places Settle price Dollar value b. What was the settle price for December 2015 natural gas futures on this date? If you held 55 contracts, what is the total dollar value of your futures position? (Input all amounts as positive values. Enter the settle price rounded to 4 decimal places and round the dollar value to the nearest whole number.) Settle price Dollar value

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