Question: Using Figure, answer the following questions: a. What was the settle price for December 2007 coffee futures on this date? What is the total dollar

Using Figure, answer the following questions:

a. What was the settle price for December 2007 coffee futures on this date? What is the total dollar value of this contract at the close of trading for the day?

b. What was the settle price for September 2007 gasoline futures on this date? If you held 10 contracts, what is the total dollar value of your futures position?

c. Suppose you held an open position of 25 December 2007 Industrial Average futures on this day. What is the change in the total dollar value of your position for this day's trading? If you held a long position, would this represent a profit or a loss to you?

d. Suppose you are short 10 December 2007 soybean oil futures contracts. Would you have made a profit or a loss on this day?

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a The settle price is 11880 cents per pound One contract is value... View full answer

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