Suppose you sell five April 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 $1,247.20 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,229.60 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.) positive Loss a. b. Profit High Settle hi lo Chg en Low interest Copper-High (CMX)-25,000 lbs; $ per lb Feb 2.6735 2.6735 2.6715 672 2.6480 -0.0125 March 2.6765 2.6410 2.6535 2.6660 -0.0130 120,434 Gold (CMX)-100 troy oz; $ per troy oz. Feb 1226.90 1,387 -2.50 1239.40 1243.50 1235.10 April 1246.20 1236.80 288,888 1226.10 1242.70 -2.70 June 63,531 1246.10 -2.70 1249.00 1230.00 1240.00 Aug 18,296 -2.80 1250.10 1252.00 1235.10 1243.10 Dec 1256.90 29,516 1239.00 -2.70 1254.00 1249.20 June'18 1266.00 1266.00 1254.80 1259.00 -2.50 4,419