Suppose you sell eight March 2017 silver 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 silver prices turn out to be $17 85 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 silver prices are $17 68 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 Contract Settle Open interest Chg 672 2 6480 0 0125 2 6535 0 0130 120,434 1235 10 2 50 1236 80 2 70 1240 00 2 70 2 80 1,387 288,888 63,531 18,296 29,516 1243 10 1249 20 2 70 1259 00 2 50 4,419 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 June 1246 10 1249 00 1230 00 Aug 1250 10 1252 00 1235 10 Dec 1254 00 1256 90 1239 00 June 18 1266 00 1266 00 1254 80 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 Platinum (NYM) 50 troy oz $ per troy oz Feb 978 80 979 10 978 80 1019 60 1032 10 1016 20 Silver (CMX) 5,000 troy oz $ per troy oz Feb 17 750 17 815 17 750 March 17 780 17 845 17 615 772 60 2 80 772 55 2 80 2 85 3 60 22,948 6,503 774 00 775 00 17 42 1019 20 1022 20 2 80 2 80 April 59,479 17 720 0 037 179 17 741 0 036 113,427

Question

Suppose you sell eight March 2017 silver 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 silver prices turn out to be $17 85 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 silver prices are $17 68 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  Contract Settle Open interest Chg 672 2 6480  0 0125 2 6535  0 0130 120,434 1235 10  2 50 1236 80  2 70 1240 00  2 70  2 80 1,387 288,888 63,531 18,296 29,516 1243 10 1249 20  2 70 1259 00  2 50 4,419 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 June 1246 10 1249 00 1230 00 Aug 1250 10 1252 00 1235 10 Dec 1254 00 1256 90 1239 00 June 18 1266 00 1266 00 1254 80 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 Platinum (NYM) 50 troy oz  $ per troy oz Feb 978 80 979 10 978 80 1019 60 1032 10 1016 20 Silver (CMX) 5,000 troy oz   $ per troy oz  Feb 17 750 17 815 17 750 March 17 780 17 845 17 615 772 60 2 80 772 55 2 80 2 85 3 60 22,948 6,503 774 00 775 00 17 42 1019 20 1022 20 2 80 2 80 April 59,479 17 720 0 037 179 17 741 0 036 113,427

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Suppose you sell eight March 2017 silver futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will

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