Marking to Market You are short 25 gasoline futures contracts, established at an initial settle price of
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Marking to Market You are short 25 gasoline futures contracts, established at an initial settle price of $2.46 per gallon, where each contract represents 42,000 gallons.
Over the subsequent four trading days, gasoline settles at $2.42, $2.47, $2.50, and
$2.56, respectively. Compute the cash flows at the end of each trading day, and compute your total profit or loss at the end of the trading period.
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Related Book For
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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