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You are short 20 gasoline futures contracts, established at an initial settle price of $2.58 per gallon, where each contract represents 42,000 gallons. Over the

You are short 20 gasoline futures contracts, established at an initial settle price of $2.58 per gallon, where each contract represents 42,000 gallons. Over the subsequent four trading days, gasoline settles at $2.54, $2.56, $2.58, and $2.63, respectively.

a.

Calculate the profit or loss for each trading day. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) DAY1:... DAY2:... DAY 3:... DAY 4:..

b.

Compute your total profit or loss at the end of the trading period. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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