Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 18, 2024

An investor takes a short position in 5 oil futures contracts on April 1 , 2 0 1 6 . The initial futures price is

An investor takes a short position in

5

oil futures contracts on April

1, 2016 .

The initial futures price is $

60 .

At expiration, the oil futures price is $

64 .

What is the investor

s total gain? Each contract is for

1, 000

barrels of oil.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Thomas Garman, Raymond Forgue

12th edition

9781305176409, 1133595839, 1305176405, 978-1133595830

More Books

Students also viewed these Finance questions

Question

bijou, a member, is a partner in the firm paloma & bell, cpas. the firm has performed audits for megadust inc for the past several years. the audit client is threatening to leave the firm over an...

Answered: 1 week ago

Question

I hope someone can help me finish those qusetions as soon as possible. Thank you Student Name ________________________ Student Number ________________________ Bus 316 Final Exam, December 2011...

Answered: 1 week ago

Question

hello i do not know how to do question number 5 can you help? A 1 C D E F G Name______________________________________ Final Examination FINC 5880 Session 9 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18...

Answered: 1 week ago

Question

★★★★★

If A and B are mutually exclusive events and P(A) = 0.2 and P(B) = 0.7, then P(A and B) is?

Answered: 1 week ago

Question

★★★★★

a. Differentiate between the clock card and the time ticket. b. Why should the total time reported on an employees time tickets for a payroll period be compared with the time reported on the...

Answered: 1 week ago

Question

★★★★★

On December 31 of last year, Target System Companys balance sheet had Accounts Receivable of $298,000 and a credit balance in Allowance for Uncollectible Accounts of $20,300. During the current year,...

Answered: 1 week ago

Question

★★★★★

4. Make sure all work is meaningful and respectfulno worksheets for lower-ability groups while the higherability groups do experiments and projects.

Answered: 1 week ago

Question

★★★★★

May Blackwell is the new manager of the materials storeroom for Clayton Manufacturing. May has been asked to estimate future monthly purchase costs for part #696, used in two of Clayton's products....

Answered: 1 week ago

Question

★★★★★

Please answer quickly for a like 22 Terry Austin is 30 years old and is saving for her retirement. She is planning on making 28 contributions to her retirement account at the beginning of each of the...

Answered: 1 week ago

Question

★★★★★

Giant Mountain Sdn. Bhd. produces high quality mountain bikes for the local as well as international market. The manufacturing process of the bikes involves three production departments; Machining,...

Answered: 1 week ago

Question

★★★★★

28. Yakuza Company issued 2,500 share of P25 par value preference shares with detachable warrants. The security package sells for P105. Each warrant enables the holder to purchase two shares of P10...

Answered: 1 week ago

Question

★★★★★

Good Vibes Manufacturing is a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2.5 million of inventory...

Answered: 1 week ago

Question

★★★★★

A random sample of 45 Burger King Whoppers found a sample mean weight of 120g and a sample standard deviation of 15g. Find the 90% confidence interval of the true mean weight of a Whopper. Write your...

Answered: 1 week ago

Question

★★★★★

Ignoring GST, which of the following entries correctly records the purchase of land for $300 000 financed by a $100 000 cash deposit with the balance payable via a 20-year, 6% loan? Select one: a. DR...

Answered: 1 week ago

Question

★★★★★

Sizwe conditioners a manufacturing firm based in Gauteng makes three different types of air conditioners: the ceiling type, the cassette type and the wall mounted type. Weekly sales of each type are...

Answered: 1 week ago

Question

★★★★★

Com-Tel plans 2,100 hours of production for the Lion Model cell for the year. The materials cost is $185 per unit. Each assembly requires 12 minutes of cell assembly time. There was no May 1...

Answered: 1 week ago

Question

★★★★★

For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0

Answered: 1 week ago

Question

★★★★★

63. Public relations. According to the U.S. Department of Transportation (DOT), passengers filed more complaints about airline service in 2007 than in 2006. One airlines public relations department...

Answered: 1 week ago

Question

★★★★★

65. Business ethics. One study reports that 30% of newly hired MBAs are confronted with unethical business practices during their first year of employment. One business school dean wondered if her...

Answered: 1 week ago

Question

★★★★★

67. U.S. politics. The national elections in 2008 apparently drew more interest and debate among voters than prior U.S. elections. A national sample of 2020 U.S. adults, aged 18 and older, surveyed...

Answered: 1 week ago

Previous Question Next Question