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Suppose you sell nine July 2020 silver futures contracts this day at the last price of the day. Use Table 23.1. a. What will your
Suppose you sell nine July 2020 silver futures contracts 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 $17.62 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 silver prices are $17.41 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.) a. b. Silver (CMX)5,000 troy oz.; $ per troy oz May 17.220 17.585 July 17.225 17.985 17.220 0.418 17.464 17.468 353 111,605 17.125 0.398
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