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Problem 23-02 Futures Quotes [LO2] Suppose you sell eight March 2017 silver futures contracts on this day, at the last price of the day. Use
Problem 23-02 Futures Quotes [LO2]
Suppose you sell eight March 2017 silver 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 silver prices turn out to be $17.85 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 silver prices are $17.68 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.) |
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