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Suppose you sell five March 2021 silver futures contracts on December 4, 2020, at the last price of the day. Use Table 25.2. a. What
Suppose you sell five March 2021 silver futures contracts on December 4, 2020, at the last price of the day. Use Table 25.2. a. What will your profit or loss be if silver prices turn out to be $24.85 per ounce at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What will your profit or loss be if silver prices are $22.89 per ounce at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Table 25.2 Futures Contracts Quote, December 4, 2020 source: Ine wau street sournal, vecember 4,UU, www.ws].com
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