Contract Open High Low Close Nov, Heating Oil, 42,000 gal, $ and cents/gal 3.69 6.16 3.94 6.53 Nov, Crude Oil, 1.000 bbls. $ and cents/bbl 122.97 136.24 118.45 121.71 You take a long position in 10 contracts of heating oil at the open price. Your margin requirement is 3.95 percent. At the end of the day, you close your position. What is your return on the futures position? Assume that you meet all margin requirements during the day. Answer should be formatted as a percent with 2 decimal places (e.g. 99.99). Question 4 1 pts Contract Open High Low Close Mar, Corn, 5,000 bu, cents/bu 655.66 772 618.85 720.66 Mar, Soybean, 5,000 lbs, cents/lb 466.95 539.27 417.67 479.37 You need to purchase 160,000 pounds of soybeans and want to hedge the value against future price changes. Using today's closing price, what is the dollar value of the contracts used to hedge your position (use a positive number for a long hedge and a negative number for a short hedge). Answer should be formatted as a number with 0 decimal places (e.g. 999). Contract Open High Low Close Nov, Heating Oil, 42,000 gal, $ and cents/gal 3.69 6.16 3.94 6.53 Nov, Crude Oil, 1.000 bbls. $ and cents/bbl 122.97 136.24 118.45 121.71 You take a long position in 10 contracts of heating oil at the open price. Your margin requirement is 3.95 percent. At the end of the day, you close your position. What is your return on the futures position? Assume that you meet all margin requirements during the day. Answer should be formatted as a percent with 2 decimal places (e.g. 99.99). Question 4 1 pts Contract Open High Low Close Mar, Corn, 5,000 bu, cents/bu 655.66 772 618.85 720.66 Mar, Soybean, 5,000 lbs, cents/lb 466.95 539.27 417.67 479.37 You need to purchase 160,000 pounds of soybeans and want to hedge the value against future price changes. Using today's closing price, what is the dollar value of the contracts used to hedge your position (use a positive number for a long hedge and a negative number for a short hedge). Answer should be formatted as a number with 0 decimal places (e.g. 999)