TABLE 23.1 Sample Wall Street Journal Futures Price Quotations Metal & Petroleum Futures Contract Open Open High hi lo Low Settle Chg interest Copper-High (CMX)-25,000 lbs; $ per lb. Feb 2.6735 2.6735 2.6715 2.6480 0.0125 672 March 2.6660 2.6765 2.6410 2.6535 0.0130 120,434 Gold (CMX)-100 troy oz; $ per troy oz. Feb 1239.40 1243.50 1226.90 1235.10 2.50 1,387 April 1242.70 1246.20 1226.10 1236.80 2.70 288,888 June 1246.10 1249.00 1230.00 1240.00 2.70 63,531 Aug 1250.10 1252.00 1235.10 1243.10 2.80 18,296 Dec 1254.00 1256.90 1239.00 1249.20 2.70 29,516 June18 1266.00 1266.00 1254.80 1259.00 2.50 4,419 Palladium (NYM)-50 troy oz; $ per troy oz. Feb 732.85 732.85 732.85 772.60 2.80 1 March 770.60 778.80 768.00 772.55 2.80 22,948 June 771.00 780.00 770.40 774.00 2.85 6,503 Sept 775.30 777.00 775.10 775.00 3.60 17 Platinum (NYM)-50 troy oz; $ per troy oz Feb 978.80 979.10 978.80 1019.20 2.80 42 April 1019.60 1032.10 1016.20 1022.20 2.80 59,479 Silver (CMX)-5,000 troy oz.; $ per troy oz. Feb 17.750 17.815 17.750 17.720 0.037 179 March 17.780 17.845 17.615 17.741 0.036 113,427 Crude Oil, Light Sweet (NYM)-1,000 bbls; $ per bbl. March 52.37 53.21 52.37 53.00 0.66 385,634 April 52.98 53.70 52.95 53.46 0.55 280,780 May 53.42 54.10 53.41 53.88 0.51 192,554 June 53.90 54.45 53.90 54.25 0.49 264,679 Dec 54.79 55.35 54.79 55.21 0.49 229,809 Dec18 55.10 55.50 55.04 55.32 0.37 111,505 NY Harbor ULSD (NYM)-42,000 gal; $ per gal. March 1.6360 1.6624 1.6345 1.6415 .0055 111,133 April 1.6443 1.6693 1.6435 1.6500 .0059 72,273 Gasoline-NY RBOB (NYM)-42,000 gal; $ per gal. March 1.5510 1.5811 1.5471 1.5702 .0175 112,099 April 1.7600 1.7800 1.7575 1.7741 .0122 85,512 Natural Gas (NYM)-10,000 MMBtu; $ per MMBtu. March 3.143 3.189 3.110 3.141 .015 197,215 April 3.212 3.253 3.179 3.209 .013 146,224 May 3.269 3.311 3.240 3.272 .017 137,143 June 3.339 3.365 3.298 3.330 .019 79,485 July 3.385 3.413 3.350 3.380 .020 79,570 Oct 3.385 3.423 3.358 3.392 .020 93,442 Agriculture Futures Corn (CBT)-5,000 bu; cents per bu. March 369.50 372.75 367.50 369.50 1.25 500,405 May 377.25 380.25 375.25 377.25 1.25 346,739 Oats (CBT)-5,000 bu; cents per bu. March 256.00 257.50 250.00 254.50 .50 4,155 May 248.25 254.00 246.00 253.00 3.00 3,027 Soybeans (CBT)-5,000 bu; cents per bu. March 1057.00 1061.50 1045.00 1050.50 8.25 248,998 May 1067.25 1071.50 1055.50 1061.50 7.75 210,368 Soybean Meal (CBT)-100 tons; $ per ton. March 340.70 341.60 335.90 338.40 2.80 126,399 May 344.80 345.80 340.10 342.60 2.70 122,484 Soybean Oil (CBT)-60,000 lbs; cents per lb. March 34.67 34.98 34.47 34.67 .02 123,991 May 34.96 35.26 34.76 34.95 .03 118,319 Rough Rice (CBT)-2,000 cwt; $ per cwt. March 953.00 960.50 942.00 947.50 8.00 9,388 May 978.50 984.50 968.00 972.50 8.50 2,516 Wheat (CBT)-5,000 bu.; cents per bu. March 430.50 444.00 429.50 443.50 11.00 179,982 May 442.00 455.50 440.75 455.25 11.75 137,497 Wheat (KC)-5,000 bu; cents per bu. March 440.25 451.75 438.25 451.25 9.25 71,740 July 465.25 475.25 462.75 475.00 8.50 69,377 Wheat (MPLS)-5,000 bu; cents per bu. March 557.50 569.50 556.00 568.50 11.00 24,788 May 556.75 567.00 555.50 566.50 9.25 29,537 Cattle-Feeder (CME)-50,000 lbs.; cents per lb. March 122.525 123.800 121.900 123.625 1.325 19,575 April 123.250 124.200 122.450 124.050 1.075 10,511 Cattle-Live (CME)-40,000 lbs; cents per lb. Feb 117.250 117.750 116.775 117.650 .875 17,410 April 115.000 115.175 114.125 114.825 .075 144,593 Hogs-Lean (CME)-40,000 lbs; cents per lb. Feb 73.900 74.500 73.550 74.225 .875 14,671 April 72.125 72.250 70.625 70.775 .950 104,603 Lumber (CME)-110.000 bd. ft., $ per 1,000 bd. ft. March 381.70 381.70 373.80 375.40 3.50 2,698 May 379.60 381.70 375.90 378.40 2.60 1,541 Milk (CME)-200,000 lbs.; cents per lb. Feb 16.87 16.89 16.79 16.85 4,180 March 16.91 17.03 16.73 16.97 .03 4,392 Cocoa (ICE-US)-10 metric tons; $ per ton. March 1,993 2,018 1,969 1,974 19 35,455 May 2,008 2,038 1,988 1,996 15 105,293 Coffee (ICE-US)-37,500 lbs; cents per lb. March 143.40 145.70 142.85 145.20 2.30 43,558 May 145.95 148.05 145.25 147.60 2.30 73,254 Sugar-World (ICE-US)-112,000 lbs; cents per lb. March 20.74 21.03 20.62 20.65 .11 220,619 May 20.72 20.97 20.61 20.65 .08 224,526 Sugar-Domestic (ICE-US)-112,000 lbs; cents per lb. May 30.40 30.40 30.40 30.32 .07 946 July 30.40 30.40 30.39 30.40 1,768 Cotton (ICE-US)-50,000 lbs; cents per lb. March 75.43 76.13 75.25 75.58 .33 104,332 May 76.40 77.30 76.40 76.65 .22 97,772 Orange Juice (ICE-US)-15,000 lbs; cents per lb. March 172.65 175.00 171.55 174.00 1.00 7,438 May 167.80 169.75 166.80 168.75 .60 3,434 Interest Rate Futures Treasury Bonds (CBT)-$100,000; pts 32nds of 100% March 153160 153170 151310 152060 1030 622,929 June 152060 152060 150240 150300 1030 2,310 Treasury Notes (CBT)-$100,000; pts 32nds of 100% March 125155 125155 124270 124295 14.0 3,169,794 June 124265 124270 124105 124120 14.5 68,648 5 Yr. Treasury Notes (CBT)-$100,000; pts 32nds of 100% March 118132 118132 118012 118025 8.5 3,119,541 June 118015 118015 117230 117235 9.0 137,090 2 Yr. Treasury Notes (CBT)-$200,000; pts 32nds of 100% March 108170 108172 108142 108147 2.0 1,349,070 June 108060 108060 108060 108055 2.5 8,979 30 Day Federal Funds (CBT)-$5,000,000; 100-daily avg. Feb 99.343 99.345 99.343 99.342 .001 100,104 April 99.315 99.320 99.305 99.310 .005 373,852 10 Yr. Del. Int. Rate Swaps (CBT)-$100,000; pts 32nds of 100% March 94.703 94.766 94.359 94.438 .438 31,717 1 Month Llbor (CME)-$3,000,000; pts of 100% Feb 99.2275 4,896 Eurodollar (CME)-$1,000,000; pts of 100% Feb 98.9650 98.9650 98.9625 98.9625 .0025 83,716 March 98.9450 98.9450 98.9300 98.9350 .0100 1,455,611 June 98.8000 98.8000 98.7750 98.7800 .0200 1,434,355 Dec 98.5400 98.5450 98.5000 98.5050 .0300 1,350,776 Currency Futures Japanese Yen (CME)- 12,500,000; $ per 100 March .8948 .8949 .8829 .8834 .0097 191,960 June .8982 .8986 .8868 .8872 .0096 9,846 Canadian Dollar (CME)-CAD 100.000; $ per CAD March .7610 .7639 .7596 .7614 .0011 115,305 June .7619 .7646 .7604 .7622 .0011 2,625 British Pound (CME)-62,500; $ per March 1.2544 1.2589 1.2497 1.2502 .0031 208,495 June 1.2563 1.2616 1.2527 1.2531 .0032 1,661 Swiss Franc (CME)-CHF 125,000; $ per CHF March 1.0066 1.0079 .9995 .9999 .0064 47,842 June 1.0100 1.0136 1.0055 1.0058 .0064 180 Australian Dollar (CME)-AUD 100,000; $ per AUD March .7636 .7659 .7605 .7622 .0004 115,779 June .7617 .7641 .7589 .7605 .0004 1,205 Sept .7576 .7611 .7576 .7593 .0004 688 Mexican Peso (CME)-MXN 500,000; $ per MXN March .04861 .04904 .04847 .04879 .00018 142,828 June .04791 .04837 .04782 .04811 .00018 47,992 Euro (CME)-125,000; $ per March 1.0706 1.0721 1.0662 1.0670 .0029 391,573 June 1.0746 1.0770 1.0712 1.0720 .0029 10,473 Index Futures Mini DJ Industrial Average (CBT)-$5 x index March 20010 20158 19982 20136 134 126,519 June 19921 20093 19921 20073 136 893 S&P 500 Index (CME)-$250 x index March 2290.70 2307.50 2288.30 2304.30 14.10 68,270 June 2295.50 2302.90 2295.50 2299.10 14.20 1,259 Mini S&P 500 (CME)-$50 x index March 2290.50 2307.75 2287.75 2304.25 14.00 2,882,114 June 2285.00 2302.75 2282.50 2299.00 14.00 36,548 Mini S&P Midcap 400 (CME)-$100 x index March 1694.30 1712.80 1691.70 1709.70 16.30 94,526 Mini Nasdaq 100 (CME)-$20 x index March 5189.8 5219.3 5186.3 5212.3 21.0 233,819 June 5193.3 5217.8 5186.0 5211.3 21.0 621 Mini Russell 2000 (ICE-US)-$100 x index March 1356.50 1380.10 1354.60 1377.00 21.00 613,166 June 1357.30 1375.70 1357.30 1374.30 21.00 540 Mini Russell 1000 (ICE-US)-$100 x index March 1275.10 1282.10 1274.60 1280.60 8.50 7,872 U.S. Dollar Index (ICE-US)-$1,000 x index March 100.24 100.67 100.08 100.65 .38 69,426 June 100.22 100.58 100.05 100.56 .36 2,792

Suppose you sell six August 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 $1,249.70 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.)
b.	What will your profit or loss be if gold prices are $1,235.90 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.)