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Suppose you purchase a March 2018 milk futures contract on March 27, 2018, at the last price of the day. Use Table 25.2. What will

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Suppose you purchase a March 2018 milk futures contract on March 27, 2018, at the last price of the day. Use Table 25.2. What will your profit or loss be if milk prices turn out to be $.1531 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Gain $ 3,320.00 Futures Contracts Mets Table 25.2. Futures Contracts Quote, March 28, 2018 SOURCE: The Wall Street Journal, March 28, 2018, www.wsj.com C Mona 23 May 29340300 Gold (CMO-100 troy oz. Spertrooz range-09 TRR GO 10 Obs.certsporte 13700 13:00 190 Pg Rate Futures I reasury bondscoa 1000pts 32nds of 100 Sent 123.30 10.15 143-20 10:200 20.0 793,223 Treasury Notes (CBT S100,000. pts 32nds of 100% 120-090 120-185 120.000 130 20 3.490,4 5 Yr. Treasury Notes (CBT) $100,000 ps 32nds of 100% March 1142 114:18 114.00 1147368222018 2 Yr. Treasury Notes (CBT)-5200,000.pts 32nds of 100% March 108-17 1007 106-12 106-185 11 11,641 30 Day Federal Funds -$5,000,000,100-day ang March 98.500 98.500 4 SS 122,32 10 Yr.Del. Int. Rate Swaps (CRT) $100.000. pts 32nds of 100%* June 93.96994.78193.969 M6S 563 27.18 May 21000 2100098.1000 02.10250175 1,411 June 97.9550 97.9600 97.9550 dollar (CMD $1000.00 pesot 100 ** Currency Future 1.4167-0074 1.12 See 5,42 43.80 Soso Mini S&P 500 (OME) $50xIndex 0651 * 200075 320.35 44.25 56.006 Mini S&P Midcap.400S 4025 une 1801201892.40 1843.90 1851.90 -28.70 29,74 Mini Nasdaq1 sdag Toocomo Sox in 1613-2123 20719 Sume has 692 225 6512.8 Mini Russell 2000 CCE-US) SUCO 65128 -23.0 4622 June 1548.00 1557.00 1909.30 1518.86 -2630 9254 Mint Russell 1000 OCE-US) SIO 5.70 14.20 SOL 2 249928532299-05 35.444 21.29 88.74 8819 22:58 Source Sex Financial information 4245 Suppose you purchase a March 2018 milk futures contract on March 27, 2018, at the last price of the day. Use Table 25.2. What will your profit or loss be if milk prices turn out to be $.1531 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Gain $ 3,320.00 Futures Contracts Mets Table 25.2. Futures Contracts Quote, March 28, 2018 SOURCE: The Wall Street Journal, March 28, 2018, www.wsj.com C Mona 23 May 29340300 Gold (CMO-100 troy oz. Spertrooz range-09 TRR GO 10 Obs.certsporte 13700 13:00 190 Pg Rate Futures I reasury bondscoa 1000pts 32nds of 100 Sent 123.30 10.15 143-20 10:200 20.0 793,223 Treasury Notes (CBT S100,000. pts 32nds of 100% 120-090 120-185 120.000 130 20 3.490,4 5 Yr. Treasury Notes (CBT) $100,000 ps 32nds of 100% March 1142 114:18 114.00 1147368222018 2 Yr. Treasury Notes (CBT)-5200,000.pts 32nds of 100% March 108-17 1007 106-12 106-185 11 11,641 30 Day Federal Funds -$5,000,000,100-day ang March 98.500 98.500 4 SS 122,32 10 Yr.Del. Int. Rate Swaps (CRT) $100.000. pts 32nds of 100%* June 93.96994.78193.969 M6S 563 27.18 May 21000 2100098.1000 02.10250175 1,411 June 97.9550 97.9600 97.9550 dollar (CMD $1000.00 pesot 100 ** Currency Future 1.4167-0074 1.12 See 5,42 43.80 Soso Mini S&P 500 (OME) $50xIndex 0651 * 200075 320.35 44.25 56.006 Mini S&P Midcap.400S 4025 une 1801201892.40 1843.90 1851.90 -28.70 29,74 Mini Nasdaq1 sdag Toocomo Sox in 1613-2123 20719 Sume has 692 225 6512.8 Mini Russell 2000 CCE-US) SUCO 65128 -23.0 4622 June 1548.00 1557.00 1909.30 1518.86 -2630 9254 Mint Russell 1000 OCE-US) SIO 5.70 14.20 SOL 2 249928532299-05 35.444 21.29 88.74 8819 22:58 Source Sex Financial information 4245

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