Question
You are a crude oil consumer. You SELL a calendar swap on 10,000 barrels with a $27 fixed price per barrel. In February, the price
You are a crude oil consumer. You SELL a calendar swap on 10,000 barrels with a $27 fixed price per barrel. In February, the price of crude oil settles at $31 per barrel. You will
| a. | Receive $310,000 from the counterparty | |
| b. | Pay $27,000 to the counterparty | |
| c. | Pay 40,000 to the counterparty | |
| d. | Receive $31,000 from the counterparty |
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Personal Finance Turning Money Into Wealth
Authors: Arthur J Keown
5th Edition
0136070620, 9780136070627
