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Suppose you sell eight June 2017 palladium futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will
Suppose you sell eight June 2017 palladium 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 palladium prices turn out to be $789.00 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 palladium prices are $763.00 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. Loss b. Profit UuII 10 12UU.UU 12UU.UU 1234.UU 149.00 2 . U 4,419 1 Palladium (NYM)-50 troy oz; $ per troy oz. Feb 732.85 732.85 732.85 March 770.60 778.80 768.00 June 771.00 780.00 770.40 Sept 775.30 777.00 775.10 772.60 772.55 774.00 775.00 2.80 2.80 2.85 3.60 22,948 6,503 17
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