7 pts Question 47 Consider the information in the following table. All prices are hypothetical. Day 1 a) Jul 2011 @ b) Dec 2010 @ spread Price 6.55 6.10 -0.45 Day 2 c) Jul 2011 @ d) Dec 2010 @ Price Profit/Loss 6.85 1) 5.95 0.15 e) 9) On day 1. you place a bear spread. On day 2, you get out of the spread trade. Based on the letters in red, answer the following (make sure to list the letter and then your answer in the space provided...partial credit will be given if appropriate). Note that the spread is calculated as Dec - July, thus the negative sign on the spread. trant on day 1 On day place a bear spread. On day 2, you get in red, an the following (make sure to list the letter and then your answer in the space provided...partial credit will be given if appropriate). Note that the spread is calculated as Dec- July, thus the negative sign on the spread. a) position taken in the Jul 2011 contract on day 1 b) position taken in the Dec 2010 contract on day 1 c) position taken in Jul 2011 contract on day 2 d) position taken in the Dec 2010 contract on day 2 e) Dec 2010 / Jul 2011 spread on day 2 f) profit (loss) on the Jul 2011 contract g) overall profit (loss) on spread trade Tools Table Edit View Insert Format pov A