2-2). Suppose that on January 27, 2020, a trader takes a long position in one CME June 2021 gold futures contract when the futures price is $1,583.00 per ounce. At the end of trading on December 31, 2020, the futures price is $1,605.19. The trader closes out the position on April 8, 2021 when the futures price is $1,623.42 per ounce. a. What is the (final) profit on the contract when the position is closed out? b. If the trader were working for a company that was using the contract for a hedge, how much tax would be due on the profit assuming a tax rate of 21%? c. If the trader were working for a company that was using the contract for a hedge, in which tax year would the company pay tax on that profit? d. What would be the answer to part b) above if, instead of hedging, a speculative trade had been placed? e. What would be the answer to part c) above if, instead of hedging, a speculative trade had been placed?