Question
You are long 10 HO contracts and short 10 RBOB contracts. The closing price yesterday for HO was $1.50 per gallon and the closing price
You are long 10 HO contracts and short 10 RBOB contracts. The closing price yesterday for HO was $1.50 per gallon and the closing price today is $1.75 per gallon. The closing price yesterday for RBOB was $1.80 per gallon and the closing price today is $2.00 per gallon. What is your new mark to market P&L on this trade in dollars?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
