6. On February 2, 2018 when a share of Easy Corp is available in the public market for $5 a share, X(in the long position) agrees to purchase 10 shares of Easy Corp from Y (in the short position) for $60 (the forward price, representing $6 per share on December 15, 2018. If on December 15, 2018, Easy Corp shares are trading at $6.25 per share, and the parties agree to cash settle the forward contract, what would X or Y receive? 7. On May 28, 2018, A bought a regulated futures contract for $ 75,000. On December 31, 2018 (the last business day of the tax year), the fair market value of the contract was $100,000. a) What gain or loss, if any, does A recognize on her return? b) Is the gain or loss treated as long term or short term and what type of gain is it