Question: show all work and make sure its correct QUESTION 4 (5 POINTS) Today (April 9, 2019) the May 2019 Ethanol future price was settled $1.97

show all work and make sure its correct

QUESTION 4 (5 POINTS) Today (April 9, 2019) the May 2019 Ethanol future price was settled $1.97 per galon. Suppose that when the contract matures in May 2019, the price of Ethanol turns out to be $2.07 per gallon. a. What will be the profit or (loss) be for the long position trader who entered the contract at the futuren price? b. If each contract calls for delivery of 29,000 gallons what would the dollar profit/(loss) be to the long position trader

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