Question 17 3 pts Using the opening and closing basis approach to finish the following blanks. Date 1-Oct Cash Futures Cash Price $6.30 May Futures $6.75 Cost of holding from Oct 1 to May 1 = $0.21 Expected Closing Basis = -$0.15 What is the expected profit margin? = Sell May Futures @ $6.75 Sell Cash @ $6.40 Buy May Futures @ $6.45 What is the opening basis? What is the actual closing basis? What is the gain or loss on futures market result? = 1-Oct 1-May What is the gain or loss on cash market result? = What is the realized price (or not selling price)? = What is the overall profit? = What is the realized price