Metal & Petroleum Futures Contract Open interest Low Settle Chg Open High hilo Copper-High (CMX)-25,000 lbs; $ per lb. Feb 2.6735 2.6735 2.6715 2.6480 -0.0125 672 March 2.6660 2.6765 2.6410 2.6535 -0.0130 120,434 Gold (CMX)-100 troy oz; $ per troy oz. Feb 1239.40 1243.50 1226.90 1235.10 -2.50 15387 288,888 April 1242.70 1246.20 1226.10 -2.70 1236.80 1240.00 Ju e 1246.10 1249.00 1230.00 -2.70 63,531 1243.10 -2.80 18,296 1249.20 -2.70 29,516 1259.00 -2.50 4,419 Aug 1250.10 1252.00 1235.10 Dec 1254.00 1256.90 1239.00 June'18 1266.00 1266.00 1254.80 Palladium (NYM)-50 troy oz; $ per troy oz. Feb 732.85 732.85 732.85 March 770.60 778.80 768.00 June 771.00 780.00 770.40 Sept 775-30 777.00 775.10 Platinum (NYM)-50 troy oz; $ per troy oz 2.80 1 772.60 772.55 2.8 22,948 774.00 2.85 6,503 775.00 3.60 17 Suppose you sell seven August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if gold prices turn out to be $1,252.80 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,236.70 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) w s a. b