Question: You went long 2 0 July 2 0 2 2 crude oil futures contracts at a price of $ 1 1 6 . 5 0

You went long 20 July 2022 crude oil futures contracts at a price of $116.50. Based on the information in the Figure below, if you closed your position at the settle price on this day, what was your profit?
You went long 20 July 2022 crude oil futures contracts at

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!

Q:

Describe the five-step decision-making process.

Q:

Southwest Airlines enters into a position in 2,000 crude oil futures contracts on NYMEX at a price of $65.00/bl in order to hedge its need for 2 million barrels of jet fuel in 3 months (one crude oil...

Q:

The goal of this project is to explore the topic of the basis and the changes to the spot prices and futures prices over time, using real futures data. The project requires you to work in Excel with...

Q:

1. Understanding Futures Quotations (L01, LO2, CFA2) Using Figure 14.1, answer the following questions: a. What was the settle price for July 2019 coffee futures on this date? What is the total...

Q:

I need help on these questions. I hope someone can help me out. Thanks 27. To plant and harvest 20,000 bushels of corn, Farmer Jayne incurs fixed and variable costs totaling $33,000. The current spot...

Q:

I need help on these questions. Here is attached file. Thank You 27. To plant and harvest 20,000 bushels of corn, Farmer Jayne incurs fixed and variable costs totaling $33,000. The current spot price...

Q:

ed 7 Suppose your firm produces breakfast cereal and needs 170,000 bushels of com in December 2020 for an upcoming promotion. You would like to lock in your costs today because you are concerned that...

Q:

can you answer at least number two Questions and Problems 1. Understanding Futures Quotations (L01, LO2, CFA2) Using Figure 141 answer the following questions: a. What was the settle price for March...

Q:

11 Review Later A gold mining company purchased an option to sell gold at $1,685 per troy ounce in 6 months. The company paid a premium of $91 per troy ounce. The spot price on the expiration date is...

Q:

Hi!!! Please see attached and answer using formulas on excel. Thank you. Problem 27-4 Quarterly working capital levels for your firm for the next year are included in the following table. What are...

Q:

Using Figure 14.1 , answer the following questions: a. What was the settle price for July 2019 wheat futures on this date? What is the total dollar value of this contract at the close of trading for...

Q:

Discuss the use of a stakeholder register and a stakeholder management strategy to assist in managing stakeholders .

Q:

Equilibrium constants for the dissociation (Kdiss) of cyanohydrins according to the equation

Q:

From the below listed forecasting techniques, which would most likely use the recent historical exchange rate data for the Swiss Franc to predict the Franc's future exchange rate? Group of answer...

Q:

Results and recommendation for the women's right at workplace

Q:

4. Explain how understanding intercultural communication can facilitate resolution of intercultural conflict.

Q:

5. Explain how studying intercultural communication can lead to increased self-understanding.

Q:

5. Define and give an example of cross-cultural differences in facial expressions, proxemics, gestures, eye contact, paralanguage, chronemics, and silence.