Suppose you sell eight August 2017 gold 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 gold prices turn out to be $1,253.70 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 gold prices are $1,238.40 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.) a. b. Metal & Petroleum Futures Settle Open interest Chg 672 Contract Open High hi lo Low Copper-High (CMX)-25,000 lbs; $ per lb. Feb 2.6735 2.6735 2.6715 March 2.6660 2.6765 2.6410 Gold (CMX)-100 troy oz; $ per troy oz. Feb 1239.40 1243.50 1226.90 April 1242.70 1246.20 1226.10 2.6480 -0.0125 2.6535 -0.0130 120,434 1235.10 -2.50 1,387 288,888 1236.80 -2.70 June 1246.10 1249.00 1230.00 1240.00 -2.70 63,531 18,296 Aug 1250.10 1252.00 1235.10 1243.10 -2.80 Dec 1254.00 1256.90 1239.00 -2.70 29,516 1249.20 1259.00 June'18 1266.00 1266.00 1254.80 -2.50 4,419