a. What was the settle price for July 2012 coffee futures on this date? What...
80.2K
Verified Solution
Link Copied!
Question
Accounting
a. What was the settle price for July 2012 coffee futures on this date? What is the total dollar value of this contract at the close of trading for the day?
b. What was the settle price for June 2012 gasoline futures on this date? If you held 10 contracts, what is the total dollar value of your futures position?
c. Suppose you held an open position of 25 September 2012 Dow Jones Industrial Average futures on this day. What is the change in the total dollar value of your position for this days trading? If you held a long position, would this represent a pro?t or a loss to you?
d. Suppose you are short 10 December 2012 soybean oil futures contracts. Would you have made a pro?t or a loss on this day?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
