A trader enters into a short heating oil futures contract when the futures price is $1.81 per gallon. The contract is for the delivery of 42000 gallons. How much does the trader gain or lose if the heating price at the end of the contract is 1.91 dollar per gallon? [Please answer to two decimal places, if a loss write as a negative number] Your Answer: Your Answer Question 4 (1 point) Which one of the following statements is true? Forward contracts are traded on exchanges, but futures contracts are not Neither futures contracts nor forward contracts are traded on exchanges Futures contracts are traded on exchanges, but forward contracts are not Both forward and futures contracts are traded on exchanges. Question 5 (1 point) What are the main economic functions of exchange-traded futures contracts? Allow for the transfer of risk and provide a price discovery mechanism for the products represented by the contracts trading at an exchange Allow individuals to participate in trading on a "level playing field" with big institutions. Facilitate investment in comrhodities and other financial instruments versus stocks