point Using the information below, what is the basis for the April 2022 Gold Futures Contract on 12/147 12/1 12/14 12/28 1/3 1/14 1/28 Spot Price: $1,782.08 $1,772.46 $1,806,46 $1.804.02 $1.817.71 $1,791.86 Contract Month: $1,784.30 $1,772.30 $1,810.90 $1,800.10 $1,816.70 $1,784.90 February 2022 Contract Month: $1,786.30 $1.774.80 $1,813.30 $1,802.30 $1,818.9 $1,792.20 April 2022 5. (1.5 points) Assume Aimee wanted to hedge against price movements in Gold as she needed to buy several hundred ounces in late January/early February. She bought two February 2022 contracts on 12/1 and closed out the position on 1/28. What is the net price paid per troy ounce? 12/1 12/14 12/28 1/3 1/14 1/28 Spot Price: $1,782.08 $1.772.46 $1,806.46 $1,804.02 $1,817.71 $1,791.86 $1,784.30 $1,772.30 $1,810.90 $1,800.10 $1,816.70 $1,784.90 Contract Month: February 2022 Contract Month: April 2022 $1.786.30 $1,774.80 $1,813.30 $1,802.30 $1,818.9 $1,792.20 6. (1.5 points) Suppose Ben needed to sell Gold in early February. Accordingly, he wanted to hedge against price movements, given recent volatility, to minimize the variation in the price he will receive per ounce. He took a short position on a February 2022 contract on 12/14 and closed out the position on 1/28. What is the net price Ben received per ounce? 12/1 12/14 12/28 1/3 1/14 1/28 Spot Price: $1,782.08 $1,772.46 $1,806.46 $1,804.02 $1,817.71 $1,791.86 $1,784.30 $1,772.30 $1,810.90 $1,800.10 $1,816.70 $1,784.90 Contract Month: February 2022 Contract Month: April 2022 $1,786.30 $1,774.80 $1,813.30 $1,802.30 $1,818.9 $1,792.20