Suppose you sell nine December 2020 gold futures contracts 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 $1,793.20 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.)
b.	What will your profit or loss be if gold prices are $1,729.60 per ounce at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to the nearest whole number, e.g., 32.)

TABLE 23.1 Sample Wall Street Journal Futures Price Quotations \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ Metal \& Petroleum Futures } \\ \hline \multicolumn{7}{|c|}{ Contract } & \multirow{2}{*}{\begin{tabular}{r} Open \\ Interest \\ \end{tabular}} \\ \hline & Open & High & hi Lo & Low & Settle & Chg & \\ \hline \multicolumn{8}{|c|}{ Copper-High (CMX)-25,0oo lb; \$ per lb } \\ \hline May & 2.3655 & 2.4260 & & 2.3400 & 2.4050 & 0.0715 & 1,672 \\ \hline July & 2.3375 & 2.4285 & & 2.3340 & 2.4040 & 0.0735 & 99,558 \\ \hline \multicolumn{8}{|c|}{ Gold (CMX)-10o troy oz; \$ per troy oz } \\ \hline May & 175570 & 1770.50 & & 1734.10 & 1731.80 & -21.60 & 1,335 \\ \hline June & 1757.50 & 1775.80 & & 1729.30 & 1734.40 & -21.90 & 257,707 \\ \hline Aug & 1769.40 & 1787.50 & & 1741.90 & 1746.70 & -21.30 & 165,420 \\ \hline Oct & 1780.00 & 1792.90 & & 1750.50 & 1753.60 & -19.60 & 18,096 \\ \hline Dec & 1780.00 & 1800.00 & & 1756.20 & 1760.60 & -18.10 & 63,563 \\ \hline Feb'21 & 1765.00 & 1775.00 & & 1762.00 & 1763.60 & -17.40 & 10,863 \\ \hline \multicolumn{8}{|c|}{ Palladium (NYM) -50 troy oz; $ per troy oz } \\ \hline May & & & & & 2021.80 & 169.20 & \\ \hline June & 1873.10 & 20770.00 & & 1863.70 & 2027.10 & 169.20 & 3,381 \\ \hline Sept & 1880.00 & 2050.00 & & 1880.00 & 2016.20 & 161.30 & 3,318 \\ \hline Dec & 2000.00 & 2000.00 & & 2000.00 & 2009.20 & 161.50 & 393 \\ \hline \multicolumn{8}{|c|}{ Platinum (NYM) - 50 troy oz; \$ per troy oz. } \\ \hline May & 807.60 & 807.60 & & 805.10 & 86470 & 52.20 & 8 \\ \hline July & 823.10 & 877.00 & & 822.70 & 86930 & 52.20 & 42,602 \\ \hline \multicolumn{8}{|c|}{ Silver (CMX) -5,000 troy oz.; \$ per troy oz } \\ \hline May & 17.220 & 17.585 & & 17.220 & 17.464 & 0.418 & 353 \\ \hline July & 17.225 & 17.985 & & 17.125 & 17.468 & 0.398 & 111,605 \\ \hline \end{tabular} TABLE 23.1 Sample Wall Street Journal Futures Price Quotations \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ Metal \& Petroleum Futures } \\ \hline \multicolumn{7}{|c|}{ Contract } & \multirow{2}{*}{\begin{tabular}{r} Open \\ Interest \\ \end{tabular}} \\ \hline & Open & High & hi Lo & Low & Settle & Chg & \\ \hline \multicolumn{8}{|c|}{ Copper-High (CMX)-25,0oo lb; \$ per lb } \\ \hline May & 2.3655 & 2.4260 & & 2.3400 & 2.4050 & 0.0715 & 1,672 \\ \hline July & 2.3375 & 2.4285 & & 2.3340 & 2.4040 & 0.0735 & 99,558 \\ \hline \multicolumn{8}{|c|}{ Gold (CMX)-10o troy oz; \$ per troy oz } \\ \hline May & 175570 & 1770.50 & & 1734.10 & 1731.80 & -21.60 & 1,335 \\ \hline June & 1757.50 & 1775.80 & & 1729.30 & 1734.40 & -21.90 & 257,707 \\ \hline Aug & 1769.40 & 1787.50 & & 1741.90 & 1746.70 & -21.30 & 165,420 \\ \hline Oct & 1780.00 & 1792.90 & & 1750.50 & 1753.60 & -19.60 & 18,096 \\ \hline Dec & 1780.00 & 1800.00 & & 1756.20 & 1760.60 & -18.10 & 63,563 \\ \hline Feb'21 & 1765.00 & 1775.00 & & 1762.00 & 1763.60 & -17.40 & 10,863 \\ \hline \multicolumn{8}{|c|}{ Palladium (NYM) -50 troy oz; $ per troy oz } \\ \hline May & & & & & 2021.80 & 169.20 & \\ \hline June & 1873.10 & 20770.00 & & 1863.70 & 2027.10 & 169.20 & 3,381 \\ \hline Sept & 1880.00 & 2050.00 & & 1880.00 & 2016.20 & 161.30 & 3,318 \\ \hline Dec & 2000.00 & 2000.00 & & 2000.00 & 2009.20 & 161.50 & 393 \\ \hline \multicolumn{8}{|c|}{ Platinum (NYM) - 50 troy oz; \$ per troy oz. } \\ \hline May & 807.60 & 807.60 & & 805.10 & 86470 & 52.20 & 8 \\ \hline July & 823.10 & 877.00 & & 822.70 & 86930 & 52.20 & 42,602 \\ \hline \multicolumn{8}{|c|}{ Silver (CMX) -5,000 troy oz.; \$ per troy oz } \\ \hline May & 17.220 & 17.585 & & 17.220 & 17.464 & 0.418 & 353 \\ \hline July & 17.225 & 17.985 & & 17.125 & 17.468 & 0.398 & 111,605 \\ \hline \end{tabular}