Question
2. The 3-month forward price for dilithium crystal (per oz.) is 1,296.00. The 9-month forward price is 1,332.13. a. What is today's spot price
2. The 3-month forward price for dilithium crystal (per oz.) is 1,296.00. The 9-month forward price is 1,332.13. a. What is today's spot price of dilithium crystal (per oz.)? b. Today, Scotty has taken a long position in 10,000 dilithium crystal forward contracts that expire in 9 months. Each contract is for one ounce. Determine Scotty's profit if the spot price of dilithium crystal (per oz.) 9 months from today is 1,296.00.
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