1 answer

Suppose you sell six August 2017 gold futures contracts on this day, at the last price...

Question:

Suppose you sell six August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What wilSample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal & Petroleum Futures Contract Оpen interest High hi lo SeAgriculture Futures Corn (CBT)-5,000 bu; cents per bu. March 369.50 367-50 369.50 372.75 1.25 500,405 Мay 380.25 346,739 377.Interest Rate Futures Treasury Bonds (CBT)-$100,0o0; pts 32nds of 100 % Мarch 153-160 151-310 152-060 622,929 153-170 1-030 JIndex Futures Mini DJ Industrial Average (CBT)-$5 x index Мarch 20158 19982 20136 126,519 20010 134 June 136 893 19921 20093

Suppose you sell six August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if gold prices turn out to be $1,249.70 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,235.90 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) а. b.
Sample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal & Petroleum Futures Contract Оpen interest High hi lo Settle Chg Оpen Low Copper-High (CMX)- 25,000 lbs; $ per lb Feb 2.6735 2.6735 2.6715 2.6480 672 -0.0125 March 2.6660 2.6765 2.6410 2.6535 -0.0130 120,434 Gold (CMX)-100 troy oz; $ per troy oz 1226.90 Feb 1243-50 1,387 1239.40 1235.10 -2.50 1246.20 288,888 Аpril 1226.10 1236.80 -2.70 1242.70 June 1246.10 63,531 1230.00 -2.70 1249.00 1240.00 Aug -2.80 18,296 1243.10 1250.10 1252.00 1235.10 Dec 1256.90 1239.00 1249.20 29,516 1254.00 -2.70 June'18 1266.00 1266.00 1254.80 -2.50 1259.00 4,419 Palladium (NYM)-50 troy oz; $ per troy oz. 732.85 Feb 732.85 732.85 772.60 2.80 1 March 770.60 778.80 768.00 2.80 22,948 772.55 June 780.00 2.85 6,503 770.40 771.00 774.00 Sept 3.60 777.00 775.10 775.00 775-30 17 Platinum (NYM)-50 troy oz; $ per troy oz Feb 978.80 978.80 2.80 979.10 1019.20 42 Аpril 1019.60 1016.20 2.80 1032.10 1022.20 59,479 Silver (CMX)-5,000 troy oz.; $ per troy oz. Feb 17.815 0.037 17.750 17.750 17.720 179 17.845 March 17.780 17.615 0.036 17.741 113,427 Crude Oil, Light Sweet (NYM)-1,000 bbls; $ per bbl. March 0.66 385,634 52.37 53.21 53.00 52.37 April 52.98 53-46 280,780 53-70 52.95 0.55 May 54.10 53.41 53.88 192,554 53.42 0.51 June 264,679 53.90 54.45 53.90 54.25 0.49 Dec 229,809 54-79 55.35 54.79 55.21 0.49 Dec'18 55.32 0.37 55.10 55-50 55.04 111,505 NY Harbor ULSD (NYM)-42,000 gal; $ per gal. March 1.6360 1.6624 1.6345 1.6415 0055 111,133 1.6443 Аpril 1.6693 1.6435 1.6500 0059 72,273 Gasoline-NY RBOB (NYM)-42,000 gal; $ per gal March 1.5811 .0175 1.5510 1.5471 1.5702 112,099 April 1.7600 1.7800 85,512 1.7575 1.7741 .0122 Natural Gas (NYM)-10,000 MMBtu; $ per MMBtu. March 3.143 3.189 3.110 3.141 015 197,215 Аpril 146,224 3.212 3.253 3.179 3.209 .013 Мay 3.269 3.272 3.311 3.240 017 137,143 June 3.365 3.298 79,485 3.339 3.330 .019 July 3.385 3.380 3.413 3-350 .020 79,570 Oct 3.385 3.423 93.442 3.358 3.392 .020
Agriculture Futures Corn (CBT)-5,000 bu; cents per bu. March 369.50 367-50 369.50 372.75 1.25 500,405 Мay 380.25 346,739 377.25 375-25 377.25 1.25 Oats (CBT)-5.000 bu; cents per bu March 256.00 257-50 250.00 254-50 -50 4,155 Мay 248.25 246.00 254.00 253.00 3-00 3,027 Soybeans (CBT)-5,000 bu; cents per bu March 1057.00 1061.50 -8.25 248,998 1045.00 1050.50 May 1067.25 1071.50 1061.50 210,368 1055-50 7-75 Soybean Meal (CBT)-100 tons; $ per ton. March 338.40 341.60 -2.80 126,399 335-90 340.70 Мay 344.80 345.80 340.10 342.60 -2.70 122,484 Soybean Oil (CBT)-60,000 lbs; cents per lb March 34.98 34-47 34.67 34.67 -02 123.991 Мay 34-96 35.26 34-76 118,319 -03 34-95 Rough Rice (CBT)-2,000 cwt; $ per cwt. March 960.50 947-50 -8.00 9.388 953.00 942.00 Мay 978.50 984.50 968.00 -8.50 2,516 972.50 Wheat (CBT)-5,000 bu.; cents per bu March 179,982 430.50 429.50 443-50 11.00 444.00 Мay 137,497 442.00 455-50 440.75 455.25 11.75 Wheat (KC)-5,000 bu; cents per bu March 438.25 440.25 451.75 451.25 9.25 71,740 July 462.75 465-25 475.00 8.50 69.377 475-25 Wheat (MPLS)-5,000 bu; cents per bu March 569.50 556.00 568.50 24,788 557-50 11.00 Мay 556.75 567.00 566.50 555-50 9.25 29.537 Cattle-Feeder (CME)-50,00o lbs.; cents per lb March 123.800 123.625 122.525 121.900 1325 19,575 Аpril 10,511 123.250 124.200 122.450 124.050 1.075 Cattle-Live (CME)-40,000 lbs; cents per lb. Feb 116.775 117.650 875 117.750 17,410 117.250 Аpril 114.825 115.000 115.175 075 144593 114.125 Hogs-Lean (CME)-40,000 lbs; cents per lb Feb 73-900 74-500 73-550 875 14,671 74.225 April 70.625 104,603 72.125 72.250 950 70.775 Lumber (CME)-110.000 bd. f., $per 1,000 bd. ft. March 381.70 381.70 373.80 2,698 375-40 3-50 379.60 378.40 Мay 381.70 2.60 375-90 1,541 Milk (CME)-200,000 lbs.; cents per lb. 16.85 Feb 16.87 16.89 16.79 4,180 March 16.91 16.73 16.97 17.03 03 4392 Cocoa (ICE-US)-10 metric tons; $ per ton. March 2,018 1,969 1,974 19 35-455 1,993 May 2,038 1,988 2,008 1,996 105,293 15 Coffee (ICE-US)-37.500 lbs; cents per lb. March 142.85 43-558 143-40 145-70 145-20 2.30 Мay 148.05 147.60 145-95 145-25 2.30 73,254 Sugar-World (ICE-US)-112,000 lbs; cents per lb Мarch 20.62 20.65 220,619 20.74 21.03 -11 Мay 20.61 20.65 -08 224.526 20.72 20.97 Sugar-Domestic (ICE-US)-112,000 lbs; cents per lb Мay 946 30.40 30.40 30.40 30.32 .07 July 30.40 1,768 30.40 30.39 30.40 Cotton (ICE-US)-50,000 lbs; cents per lb. Мarch 76.13 75-58 75-43 75.25 33 104.332 May 76.40 76.40 76.65 77.30 22 97.772 Orange Juice (ICE-US)-15,00o lbs; cents per lb March 172.65 7.438 175.00 171.55 1.00 174.00 Мay 167.80 169.75 166.80 168.75 .60 3.434
Interest Rate Futures Treasury Bonds (CBT)-$100,0o0; pts 32nds of 100 % Мarch 153-160 151-310 152-060 622,929 153-170 1-030 June 152-060 152-060 150-240 150-300 1-030 2,310 Treasury Notes (CBT)-$100,000; pts 32nds of 100% March 124-270 3,169,794 125-155 125-155 124-295 -14.0 June 124-265 14-5 68,648 124-270 124-105 124-120 5 Yr. Treasury Notes (CBT)-$100,000; pts 32nds of 100% March 118-012 118-025 118-132 118-132 -8.5 3,119,541 June 118-015 118-015 117-230 9.0 137,090 117-235 2 Yr. Treasury Notes (CBT)-$200,000; pts 32nds of 1o0% 108-147 March 108-170 108-172 108-142 1349,070 -2.0 108-060 108-055 June 108-060 108-060 8,979 25 30 Day Federal Funds (CBT)-$5,000,000; 100-daily avg. Feb 99-343 99-345 99-343 99.342 -001 100,104 Аpril 99-320 373,852 99.315 99-305 -005 99.310 10 Yr. Del. Int. Rate Swaps (CBT)-$100,000; pts 32nds of 100 % March 94-766 94.438 94-703 94-359 438 31,717 1 Month Llbor (CME)-$3,000,000; pts of 100 % Feb 4,896 99.2275 Eurodollar (CME)-$1,000,000; pts of 100 % Feb 98.9650 98.9650 98.9625 98.9625 83.716 -0025 March 98.9450 98.9450 98.9300 98.9350 1,455,611 -0100 98.7800 June 98.8000 98.8000 98.7750 -0200 1,434.355 Dec 98.5400 98.5450 98.5000 98.5050 1,350,776 -0300 Currency Futures Japanese Yen (CME) Y12,500,000; $ per 100Y March 8948 8949 8829 8834 191,960 0097 8982 8986 June 8868 8872 -0096 9,846 Canadian Dollar (CME)-CAD 10o.000; $ per CAD -7596 Мarch 7610 -7639 7614 0011 115.305 2,625 June 7619 7646 -7604 -7622 0011 British Pound (CME)-£62,500; $ per £ Мarch 12589 208,495 1.2544 1.2497 1.2502 -0031 June 1.2563 1.2616 1,661 12527 1.2531 0032 Swiss Franc (CME)-CHF 125,000; $ per CHF March 1.0066 -0064 47,842 1.0079 .9995 9999 June 1.0136 1.0058 -0064 180 1.0100 1.0055 Australian Dollar (CME)-AUD 100,000; $ per AUD March -7636 -7659 7605 7622 0004 115.779 7617 June -7641 7589 7605 -0004 1,205 Sept 7576 -7611 -7576 688 7593 -0004 Mexican Peso (CME)-MXN 50o,000; $ per MXN Мarch 04861 04847 04879 .00018 142,828 04904 June 04837 04782 04811 00018 04791 47.992 Euro (CME)-C125,000; $ per March 1.0706 1.0662 1.0670 1.0721 -0029 391,573 June 1.0746 1.0770 1.0712 1.0720 0029 10,473
Index Futures Mini DJ Industrial Average (CBT)-$5 x index Мarch 20158 19982 20136 126,519 20010 134 June 136 893 19921 20093 19921 20073 S&P 500 Index (CME)-$250 x index March 2288.30 68,270 2290.70 2307-50 2304-30 14.10 June 2295-50 2299.10 2302.90 2295-50 14.20 1,259 Mini S&P 500 (CME)-$50 x index March 2287.75 2,882,114 2290.50 2307.75 2304.25 14.00 June 2285.00 2302.75 2282.50 2299.00 36,548 14.00 Mini S&P Midcap 400 (CME)-$10o x index March 1694-30 1712.80 1691.70 16.30 94.526 1709.70 Mini Nasdaq 100 (CME)-$20 x index March 5189.8 5186.3 233,819 5219.3 21.0 5212.3 5186.0 June 5217.8 621 5193-3 5211.3 21.0 Mini Russell 2000 (ICE-US)-$100 x index March 1356.50 1380.10 1354.60 613,166 1377.00 21.00 June 1357-30 1375-70 1357-30 1374-30 21.00 540 Mini Russell 1000 (ICE-US)-$100x index March 1282.10 1274.60 1280.60 8.50 7,872 1275.10 U.S. Dollar Index (ICE-US)-$1,000 x index Мarch 100.65 100.67 100.08 -38 69,426 100.24 June 100.58 100.56 36 100.22 100.05 2792 Sources: SIX Financial Information; The Wall Street Journal, February 10, 2017.

Answers

1.
Loss of 3960.00
=6*100*(-1249.7+1243.1)=-3960.00

2.
Profit of 4320.00
=6*100*(-1235.9+1243.1)=4320.00

.

Similar Solved Questions

1 answer
9. Wilson Company acquired 10% of Rogers, Inc. on January 1, 2018 for $200,000 und appropriately...
9. Wilson Company acquired 10% of Rogers, Inc. on January 1, 2018 for $200,000 und appropriately accounted for the investment using the fair value method. On January , 2019 the fair value of Rogers stock was $3,000,000 in total. On January 1, 2019, Wilson also acquired an additional 30% of Rogers fo...
1 answer
Epidemiology question 3. ng the screening cut-off point affect sensitivity. specificity, PPV and NPV of the...
Epidemiology question 3. ng the screening cut-off point affect sensitivity. specificity, PPV and NPV of the test? Why? are the respective "costs" ring the screening cut-off point affect the number of false positives and false negatives associated with false positives and false negative...
1 answer
Design and suggest a novel biomaterial and its application logically and scientifically. Your own research subject...
Design and suggest a novel biomaterial and its application logically and scientifically. Your own research subject should not be included on the suggestion....
1 answer
Use the given degree of confidence and sample data to construct a confidence interval for the...
Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p. n = 195, x = 162; 95% confidence...
1 answer
5. Which compound in each of the following pairs, if either, would have the higher solubility...
5. Which compound in each of the following pairs, if either, would have the higher solubility in water? your answers briefly a) propane or ethanol b) ethanol or eicosane (CoH42) (Wikipedia will give you the BP for both. This is the only question you need to look up BP's for.) b) 2-butanol or 2-h...
1 answer
Question 10 5 pt Which of the following expression is a minimum SOP (Sum-of-Product) expression for...
Question 10 5 pt Which of the following expression is a minimum SOP (Sum-of-Product) expression for function F shown in the truth table below. Use k-map method to minimize. # F y 0 NO 1 2 3 4 x 0 0 0 0 lolol 0 1 1 0 1 1 1 0 0 1 0 1 1 1 1 1 5 6 7 8 1 1 0 1 1 1. 1 1 xy+x x+y X'y + xy + xy 1 None o...
1 answer
5) 5) Which one of the following variables is the exponent in the present value formula?...
5) 5) Which one of the following variables is the exponent in the present value formula? A) Present value B) Interest rate C) Number of time periods D) Future value E) There is no exponent in the present value formula 6) 6) What are the distributions of either cash or stock to shareholders by a corp...
1 answer
Please show work for these two problems. 4. Calculate how much heat it takes to warm...
please show work for these two problems. 4. Calculate how much heat it takes to warm 100.0 grams of water from -10°C to 10 °C. AH = 6.008 kJ/mol AHvap = 40.67 kJ/mol Specific heat of ice = 2.092 J/g*°C Specific heat of liquid water = 4.184 J/g*°C Specific heat of steam= 1.841 J...
1 answer
The following information applies to the questions displayed below Simon Company's year-end balance sheets follow At...
The following information applies to the questions displayed below Simon Company's year-end balance sheets follow At December 31 2817 2816 2015 Part 1 of 4 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts p...
1 answer
Which of the above 8 terpenes does the IR spectrum belongs to ? determine the peaks...
which of the above 8 terpenes does the IR spectrum belongs to ? determine the peaks that belongs to the terpene. attached are reference table for finding peaks . U right scandidate terpenes narrone Citral litronellol p-upmene Myreene geraniol linenene Menthone Transance 4000 101...
1 answer
On July 31, 2017, Sheridan Company had a cash balance per books of $6,325.00. The statement...
On July 31, 2017, Sheridan Company had a cash balance per books of $6,325.00. The statement from Dakota State Bank on that date showed a balance of $7,875.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $16.00. 2. The...
1 answer
Figure 12-2 Costs Total cost and revenue Total revenue e C b 1,000 Quantity Refer to...
Figure 12-2 Costs Total cost and revenue Total revenue e C b 1,000 Quantity Refer to Figure 12-2. Suppose the firm is currently producing Q2goods. What happens if it increases production to Q3? A) It makes less profit. B) It breaks even. C) It has a lower loss. D) It will maximize the profit....
1 answer
4.  Problem 16.04 PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in...
4.  Problem 16.04 PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Divide...
1 answer
5(a) A company is discussing a $0.5 million loan with a bank. The interest rate is...
5(a) A company is discussing a $0.5 million loan with a bank. The interest rate is 12% compounded annually and the repayment period is 5 years. The bank is offering two options for loan repayment: Option A: Payments are to be received in equal installments at the end of each year. Option B: Interest...
1 answer
A 0.2 Kg ball is dropped with no initial velocity from a height of 6 m....
A 0.2 Kg ball is dropped with no initial velocity from a height of 6 m. It drops vertically with no air drag, it hits the flat, concrete ground and re-bounces upward in a vertical direction reaching a maximum height of 4 m. (i) Calculate the speed of the ball when it hit the ground. (ii) Calculate t...