Suppose you sell five May 2014 gold futures contracts on this day, at the last price of the day. Use Table 23.1

What will your profit or loss be if gold prices turn out to be $1,298.32 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.)

(Click to select)LossProfit

$

What will your profit or loss be if gold prices are $1,290.50 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.)

(Click to select)LossProfit

$