1. Understanding Futures Quotations (LO1, 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 dollar value of this contract at the close of trading for the day?

b. What was the settle price for June 2019 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 June 2019 Mini Dow Jones 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 July 2019 soybean oil futures contracts. Would you have made a profit or a loss on this day?