Q5. On NOV 22, 2019 a Gold Trader (GT) entered several contracts as follows: Contract 1: To purchase 100,000 ounces of gold from a Gold Mining Company (GMC) on MAR 14, 2020 for the spot price on that day. Contract 2: To sell 100,000ounces of gold on MAR 14, 2020 to Gold Jewelry Designer (GJD). The selling price will be the NOV 22, 2019 NYMEX gold futures price for APR 2020 delivery MINUS a discount of $4/ounce (or more). The discount is yet to be agreed upon between GT and GJD. Contract 3: GT opened a hedge on NYMEX to hedge the spot trade with GMC using 1,000 NYMEX APR 2020 gold futures. Every Gold NYMEX futures cover 100ounces. Follow my Financial Engineering Example 1 and uUse a time table and our usual notations to show all the cash flows associated with all the above contracts on NOV 22, 2019 and on MAR 14, 2020. Notice that this is done with notations only. Q5. On NOV 22, 2019 a Gold Trader (GT) entered several contracts as follows: Contract 1: To purchase 100,000 ounces of gold from a Gold Mining Company (GMC) on MAR 14, 2020 for the spot price on that day. Contract 2: To sell 100,000ounces of gold on MAR 14, 2020 to Gold Jewelry Designer (GJD). The selling price will be the NOV 22, 2019 NYMEX gold futures price for APR 2020 delivery MINUS a discount of $4/ounce (or more). The discount is yet to be agreed upon between GT and GJD. Contract 3: GT opened a hedge on NYMEX to hedge the spot trade with GMC using 1,000 NYMEX APR 2020 gold futures. Every Gold NYMEX futures cover 100ounces. Follow my Financial Engineering Example 1 and uUse a time table and our usual notations to show all the cash flows associated with all the above contracts on NOV 22, 2019 and on MAR 14, 2020. Notice that this is done with notations only