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Question 5 You purchase 27 contracts of November heating oil at the close. What is the dollar amount of your margin requirement if the margin

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Question 5 You purchase 27 contracts of November heating oil at the close. What is the dollar amount of your margin requirement if the margin rate on heating oil is 7.91 percent? Answer should be formatted as a number with 0 decimal places (e.g. 999). Question 4 1pts You own 200,000 bushels of wheat and want to hedge the value. Using today's closing price, what is the dollar value of the contracts used to hedge your position (use a positive number for a long hedge and a negative number for a short hedge). Answer should be formatted as a number with 0 decimal places (e.g. 999). Question 2 You take a short position in 6 contracts of crude oil at a price of 122.14. At the end of the day, you close your position. What is your profit or loss? Answer should be formatted as a number with 2 decimal places (e.g. 99.99)

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