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Your utility company will need to buy 100,000 barrels of oil in 10 days' time, and it is worried about fuel costs. Suppose you go

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Your utility company will need to buy 100,000 barrels of oil in 10 days' time, and it is worried about fuel costs. Suppose you go long (buy) 100 oil futures contracts, each for 1000 barrels of oil, at the current futures price of $59.95 per barrel. Suppose futures prices change each day as follows. In a. What is the marking-to-market profit or loss (in dollars) that you will have on each date? ts. Whet is your total profit or loss after 10-deyo Herve you been protected against crise irroit prices! What is the target outletive fees you will experience over the 40-day periode het oeemight this bee problem? x Future Prices a. What is the marking-lo-market profit or loss in dollars) that you will have on each date? (Round the price change to the nearest cent and the profit loss to the nearest dollar.) 64 Q Day Price Price Change Profit/Loss 0 $ 59.95 63 562.55 1 $ 59,47 S 62 $61.71 61 $60.75 $60.45 Futures Price (Sibbl) $59.47 $59.79 $59.51 58 $57.76 S58.02 $57.55 57 56 5 10 Day

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