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Palladium (NYM) - 50 troy oz; $ per troy oz begin{tabular}{lrrr|r|r|r|} May & & & & 2021.80 & 169.20 & June & 1873.10 &

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Palladium (NYM) - 50 troy oz; \$ per troy oz \begin{tabular}{lrrr|r|r|r|} May & & & & 2021.80 & 169.20 & \\ June & 1873.10 & 20770.00 & 1863.70 & 2027.10 & 169.20 & 3.381 \\ Sept & 1880.00 & 2050.00 & 1880.00 & 2016.20 & 161.30 & 3.318 \\ Dec & 2000.00 & 2000.00 & 2000.00 & 2009.20 & 161.50 & 393 \end{tabular} Platinum (NYM) - 50 troy oz; \$ per troy 0z. Silver (CMX) 5,000 troy oz; $ per troy 0z \begin{tabular}{lrlrrrrr} May & 17.220 & 17.585 & 17.220 & 17.464 & 0.418 & 353 \\ July & 17.225 & 17.985 & 17.125 & 17.468 & 0.398 & 111,605 \\ \hline \end{tabular} Suppose you sell seven December 2020 gold futures contracts 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 $1,781.60 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.) b. What will your profit or loss be if gold prices are $1,732.80 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to the nearest whole number, e.g., 32.)

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