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Cash Features oct. 1. Buy 5,000 b..u@3.00. Sell Dec. contract @3.50 nov. 15 sell 5,000 by @2.80. Buy dec. contract @3.50 given the above T-account

Cash Features

oct. 1. Buy 5,000 b..u@3.00. Sell Dec. contract @3.50

nov. 15 sell 5,000 by @2.80. Buy dec. contract @3.50

given the above T-account for a hedging transaction what is the gross gain (disregarding broker commission and storage cost)? Show/explain all your work.

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