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Suppose you sell six May 2018 Silver futures contracts on March 27, 2018, at the last price of the day. Use Table 25.2. a. What will your profit or loss be if silver prices turn out to be $16.74 per ounce at expiration? (Enter your answer as a positive value. Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What will your profit or loss be if silver prices are $16.30 per ounce at expiration? (Enter your answer as a positive value. Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. b. May April 64.53 140 1045 Futures Contracts Metal & Petroleum Futures Contract Open Open Hag No Low Settle og interest Copper-High (MBO) 25.000 Bs.Sperb March 29760 29775 29760 2.99$ 0.0310 302 May 2.9940 3.0290 29775 3.0005 0.0395 190.761 Gold (CMC)100.Sperroyo March 134.30 -12.10 April 1353.50 1356.00 1339.60 1362.00 -12.00 12.00 Borse 1350.30 131260 1345.40 13:47.90 -13.00 327.50 Aug 1365.80 1368.20 135L90 1354.10 -13.00 49,357 Oct 1371.00 1372.00 1350.00 1360.10 -13.00 6.01 Dec 1376.80 1380.90 136420 1366.50 -13.10 5.274 Palladium NYME-50 troywe. Sperroyo March 975.30 1 June 970.00 9785 966.60 971.30 22.70 Sept 057.00 88.00 65.00 L193 Platinum NYM) Otroyer Sperry 2.80 461.60 999.20 986.70 -27 12.988 Muy 958.50 902.00 95.00 952.00 -40 61,298 Silver MX-5000 treye. Spertroyer March 16.09.14 84 May 16.680 16.010 16.465 1661 -0.14 09.163 Crude Oil Light Sweet NYM-LOCO Sportbl. May 65.55 66.41 65.25 -4.30 512,488 June 65.47 6.37 65.13 -0.33 347.725 My 65.09.08 5412 64.86 -0.17 156,042 Sept 54,00 471 63.83 -0.09 170.143 600 229 0.01 251,096 Dec 19 57.52_58.11 57.14 57.57 0.15 131,230 NY Harbor ULSD CNYM) 42.000 ga perga April 2017020460 2.0050202240074 25,793 May 2019 2015 2.0065 2.000200W 12,061 Gasoline-NYRBOB NYM-42000 gal.Sperga April 2011020330 19987 20135 0031 28.530 May 20199 20428 2.0066 20270 000 150.196 Natural Gas NYME-10 DOO MMS MM April 2629 270 2023 2001 0735,560 May 2.669 2721 2460 2.714 052 309,906 June 2728 2.774 2719 2.46 050 3.109 Ally 2.789 2230 2780 2.222 045 154.195 Sept 2758 2029 2.782 2823 039 96.749 Od 2.805 2002 27952.336 040 130.534 Agriculture Futures Corn (CT)-5.000 cents perbu May 374.00 376.00 372.25 374.00 655,098 My 18075 30.0 434.252 Oats (GBT)-5.000bu.centerbu May 227J5 28.75 225.50 226.00 -50 4472 My 236.50 236.50 233.00 233.0 -175 1137 Soybeans (CET) 5.000 bu.cents per bu May 1027.00 1032 10173 101950 -6.00 352,099 July 10:37.5 102.00 1028,00 1030.25 6.25 244,529 Soybean Meal (ORT)-100 tons Sporton May 370 378.50 371.50 372.40 -2.60 190,304 July 379.40 3.00 374.237.10 -2.70 123,062 Soybean Oil OT-60.000 lbs.comspert May 31.46 314 3135 31.58 12 237.560 July 31.72 .13 123,056 Rough Rice (CRT) 2000 wt. Speront May 1242.00 1250.00 123950 124450 -2.50 5814 July 1761.50 126250 1255 120.00 14 Wheat (CBT) 5000 bucents per bu May 454.25 457.50 448,75 449.00 -5.25 223,995 July 471.50 474.00 466.00 6.50 -5.00 126,565 Wheat C) 5.000bu.cents per bu May 469 50473.00 463.75 164.50 -4.5 108,437 July 488.50 492.00 -UUS 0,04 Wheat (MPLS)5.000 buc.contspere May 59775604400 50135 993.25 -4.00 32,649 July 606.25 61125 599.75 1.75 -35 12,612 Cattle Feeder (CME) S0,000 scans perib March 135.000 135.000 135.000 15.000 254 May 135.550 137.375 135.475 136.350 200 1920 Cattle-Live (ME) 40.000 lbs.carspor April 115.400 116.575 115.000 115.65 250 45.226 June 105.325 106.675 104.900 105.250 -050 10,211 Hogs Lean (ME) 40.000ths, cents per April 58.000 58.225 99585 99.750-275 3.619 June 74.150 14.750 73.775 2075 - 9,970 Lumber (CME 130.000 dt. Sper 1,000 t May 49.40 507.10 498.00 507.00 9.90 5421 July 485.00 4.90 482.00 9 10,00 313 Milk (OME-200 000, antspert March 14.22 34.28 14.22 1422 4245 May 1439 440 143 05 3:39 Cocoa CE-US)-10 mettons perton 2,423 2,623 2,534 2.554 -1 110,387 July 2.850 2050 2564 2503 -597395 Coffee CE-US7500 bs.comsport May 11.40 119.75 17.7 118.95 20140,785 July 120.45 12170 119.80 12.00 100 59,291 Contrat Open Opon High No Low Settle Og et Sugar World CEUS) 11.2000 lbs.cents perb May 1242 12.58 12.35 1254 12 427,923 July 126 12.72 1254 12 204770 Sugar Domestic OCE-US) 12,000 lbs.centsperb Mar 2445 24.45 2445 2445 -03 July 23.05 3.05 2491 25.02 -13 2,6M Cotton CE-US50.000 lbs. consperit 81.88 22.77 8172 82.02 24 113,430 Dec 77.50 77.42 77.50 77.82-04 72,890 Orange Juice (CE-US)-15.000 ts.cortsport May 132.00 138.35 136.20 13.71 -20 9.537 July 138.40 138.60 13700 131.00 290 1977 Interest Rate Futures Treasury Bonds (CBT)-5100,000pts 32nds of 2009 June 141-140 365-280 144-20 145200 200 79328 Sept 188-280 M-150 16-20 1420 30.0 73 Treasury Notes (GTS100,000.pts 3rd of 100% June 120-120 121-015 120-110 120-290 140 3,400,000 Sept 1.20-090 120-195 120-490 120-205 MLS 154 SYr. Treasury Notes (CET)-$100.000 pes 32nds of 100% March 114-122 114-162 114-180114215 92 2819 une 114-115 114-345 114007 114-120 9.0 3.344.545 2 Yr. Treasury Notes (CBT-$200.000. pls 32es of00% March 16-177 106-187 106-12 106-185 17 11641 June 206-077 06-117 106-02 106-107 27,809,753 30 Day Federal Funds (GT-55.000.000, 100-daily March 9.500 9.500 9.4988.400 122 R2 Am 325 335 92.320 9838 10 Yr. Del. Int. Rate Swaps (OT) $100,000 pes rds of 100% June 93.989 781 93.989 25 563 27.103 1 Month Libor (OMD$3000.00 pts of 100% May 98.1000 99.1000 90.1000 18.3025 0175 26 June 97.9550 97.900 97.9950 97.2017 Eurodollar (GME $2.000.000. pts of OOK April 97.7200 97.7450 97.7200 17.7400 200 30.79 June 97.5000 97.7400 97.6800 97.7300 500 1,771,799 Dec 974750 9.5500 97.4700 97.5400 500 2,045,125 Dec 19 97.1350 97.2350 97.2300 97.2200 200 2.157.522 Currency Futures Japanese Yen (OME) V1.2.500.000.Sper 100V April 940 9500 9460 .-0000 151 June 9527 9454 528-0020 168.978 Canadian Dollar (ME) CAD 100,000 Sper CAD Api 7792 102 70 777-000 29 7795 IS 761 777-0006 121.583 British Pound(CME) 62.500S per April 1426 1404 1.003 48 -107412S 162514093 143 001-0075 10.05 Swiss Franc (OMECHF 125000 Sper OF June 1.0656 10674 10589 11632-0028 44.398 Australian Dollar (OME) AUD 100,000 per AUD 71497794 600 788-3047 1390 May 7735 7750 7094 7688 -0047 492 June 7757760 7677-0048 98,419 Sept7756 7763 7627695-0048 Dec 77140 774078837701 - 0049 346 Mexican Peso (OME) MXN 500,000 $ por MXN 0532 53% 05361 05231-00016 197,395 Euro (CME-C175,000 Spar April 2077 1219 123051101-00561 12525 2554 124 12078 DOS S0863 April Index Futures Mini DJ Industrial Average (CBT-55 index une 2001 2035 23601 23850-332 102,306 Sept 202312454 23736 23990 -337 190 S&P 500 Index (OME)-5250 x Index une 2661.20 267920 298.00 215.78 43.80 90,596 Mini S&P500(OME) S5Onde June 265950 279.15 2596.00 265.75 -43.75 2.299,451 Sept 265.00 2684.28 2000.75 2620.35 4425 56.806 Mini S&P Midcap 400(OME)-5100 Index une 180120 1892.40 1343.00 185190 -2.70 79,7 Mini Nasdaq 100(OME) 520x Index June 6775.8 68493 6490.0 65613-212) 223.779 Sept 60145 68790 6522.5 6992.8 -213.0 462 Mini Russell 2000 OCE-US) Sindex une 1568.00 1599.00 1509.30 1518.90 -26,30 9254 Mini Russell 1000 OCE-US) $100 ades um 3478.20 147.20 1AL10 145LX 1420 U.S. Dollar Index ICE-USSLOxidex June 1.83 9.28 8.53 22.98-05 35,464 Sept 29 2 19 250 38 99 May Source: Sex Pinancial informationStep by Step Solution
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