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Using Figure 14.1, answer the following questions: a. What was the settle price for May 2019 lumber futures on this date? What is the total
Using Figure 14.1, answer the following questions: a. What was the settle price for May 2019 lumber futures on this date? What is the total dollar value of this contract at the close of trading for the day? (Input all amounts as positive values. Enter the settle price in dollars rounded to 4 decimal places and round the dollar value to 2 decimal places.) b. What was the settle price for May 2019 silver futures on this date? If you held 40 contracts, what is the total dollar value of your futures position? (Input all amounts as positive values. Enter the settle price in dollars rounded to 4 decimal places and round the dollar value to the nearest whole number.) Futures Prices (April 10, 2019) Futures Contracts|WSJ.com/commodities
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