Homework Answers
Loss of 368.50
We see that the net profit from the futures is given as equal
to=(2.4713-254.50/100)*5000=-368.5000
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Suppose you purchase a March 2017 oats futures contract on this day at the last price...
Suppose you sell six August 2017 gold futures contracts on this day, at the last price...
Suppose you sell six August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if gold prices turn out to be $1,249.70 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,235.90 per ounce at expiration? (Do...
Suppose today is February 10, 2017, and your firm produces breakfast cereal and needs 170,000 bushels...
Suppose today is February 10, 2017, and your firm produces breakfast cereal and needs 170,000 bushels of corn in May 2017 for an upcoming promotion. You would like to lock in your costs today because you are concerned that corn prices might rise between now and May. Use Table 23.1 a. What total cost would you effectively be locking in based on the closing price of the day? (Round your answer to the nearest whole number, e.g., 32.) b. Suppose...
FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract...
FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract Open Open High hi lo Low Settle Chg interest 2,109 90,935 211 247,319 Copper-High (CMX) -25,000 Ibs.; $ per lb. Nov 2.2380 2.2395 2.2305 2.2300 -0.0115 Dec 2.2350 2.2510 2.2260 2.2300 -0.0120 Gold (CMX)-100 troy oz.; $ per troy oz. Nov 1088.60 1088.60 1088.60 1087.90 0.30 Dec 1089.10 1094.90 1087.40 1088.10 0.40 Feb'16 1089,90 1095.50 1088.60 1089.10 0.40 April 1091.00 1095.60 1089.50 1089.90 0.40...
Refer to the Mini-S&P contract in Figure 22.1. Assume the closing price for this day. a....
Refer to the Mini-S&P contract in Figure 22.1. Assume the
closing price for this day.
a. If the margin requirement is 29% of the
futures price times the contract multiplier of $50, how much must
you deposit with your broker to trade the December maturity
contract? (Round your answer to 2 decimal
places.)
b. If the December futures price were to
increase to 2,091.73, what percentage return would you earn on your
net investment if you entered the long side...
Suppose you purchase a July 2011 soybean oil futures contract on March 29, 2011, at the...
Suppose you purchase a July 2011 soybean oil futures contract on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if soybean oil prices turn out
to be $0.4652 per pound at expiration
Suppose you sell eight May 2011 silver futures contracts on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if silver prices turn...
Open Contract High hilo low Settle Chg Open interest -65137 -.85 99,385 .09 10 475,726 210,447...
Open Contract High hilo low Settle Chg Open interest -65137 -.85 99,385 .09 10 475,726 210,447 Coffee (ICE-US)-37,500 lbs., cents per lb. July 145.60 145.60 143.00 144.20 Sept 146.20 147.20 144.10 145.55 Sugar-World (ICE-US)-112,000 lbs.: cents per lb. Oct 20.56 21.10 2 0.46 20.87 March 17 20.56 21.13 20.55 20.94 Sugar-Domestic (ICE-US)-112.000 lbs.: cents per lb. Sept 28.25 28.25 28.05 28.05 Jan'17 27.00 27.00 A 27.00 26.65 Cotton (ICE-US)-50,000 lbs., cents per lb. July 62.92 62.92 62.92 63.75 Dec 65.50...
a. Refer to Figure 171 and locate the E-Mini contract on the Standard & Poor's 500...
a. Refer to Figure 171 and locate the E-Mini contract on the Standard & Poor's 500 Index. If the margin requirement is 17% of the futures price times the multiplier of $50, how much must you deposit with your broker to trade the June contract? (Input the amount as positive value. Round your answer to 2 decimal places.) Required margin b. If the June futures price were to increase to 2,464, what percentage return would you earn on your net...
Suppose you purchase a May 2017 coffee futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if coffee prices turn out to be $1.4567 pe...
Suppose you purchase a May 2017 coffee futures contract on this
day at the last price of the day. Use Table 23.1
What will your profit or loss be if coffee prices turn out to be
$1.4567 per pound at expiration? (Do not round intermediate
calculations. Enter your answer as a positive value and round your
answer to 2 decimal places, e.g., 32.16.)
Table 23.1:
Sample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal &Petroleum Futures Contract Op en...
Suppose you sell five March 2017 silver futures contracts on February 10, 2017, at the last...
Suppose you sell five March 2017 silver futures contracts on February 10, 2017, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if silver prices turn out to be $17.81 per ounce at expiration? (Do not round intermed iate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if silver prices are $17.64 per ounce at...
Suppose you purchase the May 2017 call option on corn futures with a strike price of...
Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.85. Assume you purchased the option at the last price if the day. Use Table 23.2 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c....
Suppose you sell six August 2017 gold futures contracts on this day, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if gold prices turn out to be $1,249.70 per ounce at expiration? (Do not round intermediate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if gold prices are $1,235.90 per ounce at expiration? (Do...
Suppose today is February 10, 2017, and your firm produces breakfast cereal and needs 170,000 bushels of corn in May 2017 for an upcoming promotion. You would like to lock in your costs today because you are concerned that corn prices might rise between now and May. Use Table 23.1 a. What total cost would you effectively be locking in based on the closing price of the day? (Round your answer to the nearest whole number, e.g., 32.) b. Suppose...
FIGURE 14.1 Futures Prices (November 9, 2015) Futures Contracts I WSJ.com/commodities Metal & Petroleum Futures Contract Open Open High hi lo Low Settle Chg interest 2,109 90,935 211 247,319 Copper-High (CMX) -25,000 Ibs.; $ per lb. Nov 2.2380 2.2395 2.2305 2.2300 -0.0115 Dec 2.2350 2.2510 2.2260 2.2300 -0.0120 Gold (CMX)-100 troy oz.; $ per troy oz. Nov 1088.60 1088.60 1088.60 1087.90 0.30 Dec 1089.10 1094.90 1087.40 1088.10 0.40 Feb'16 1089,90 1095.50 1088.60 1089.10 0.40 April 1091.00 1095.60 1089.50 1089.90 0.40...
Refer to the Mini-S&P contract in Figure 22.1. Assume the
closing price for this day.
a. If the margin requirement is 29% of the
futures price times the contract multiplier of $50, how much must
you deposit with your broker to trade the December maturity
contract? (Round your answer to 2 decimal
places.)
b. If the December futures price were to
increase to 2,091.73, what percentage return would you earn on your
net investment if you entered the long side...
Suppose you purchase a July 2011 soybean oil futures contract on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if soybean oil prices turn out
to be $0.4652 per pound at expiration
Suppose you sell eight May 2011 silver futures contracts on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if silver prices turn...
Open Contract High hilo low Settle Chg Open interest -65137 -.85 99,385 .09 10 475,726 210,447 Coffee (ICE-US)-37,500 lbs., cents per lb. July 145.60 145.60 143.00 144.20 Sept 146.20 147.20 144.10 145.55 Sugar-World (ICE-US)-112,000 lbs.: cents per lb. Oct 20.56 21.10 2 0.46 20.87 March 17 20.56 21.13 20.55 20.94 Sugar-Domestic (ICE-US)-112.000 lbs.: cents per lb. Sept 28.25 28.25 28.05 28.05 Jan'17 27.00 27.00 A 27.00 26.65 Cotton (ICE-US)-50,000 lbs., cents per lb. July 62.92 62.92 62.92 63.75 Dec 65.50...
a. Refer to Figure 171 and locate the E-Mini contract on the Standard & Poor's 500 Index. If the margin requirement is 17% of the futures price times the multiplier of $50, how much must you deposit with your broker to trade the June contract? (Input the amount as positive value. Round your answer to 2 decimal places.) Required margin b. If the June futures price were to increase to 2,464, what percentage return would you earn on your net...
Suppose you purchase a May 2017 coffee futures contract on this
day at the last price of the day. Use Table 23.1
What will your profit or loss be if coffee prices turn out to be
$1.4567 per pound at expiration? (Do not round intermediate
calculations. Enter your answer as a positive value and round your
answer to 2 decimal places, e.g., 32.16.)
Table 23.1:
Sample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal &Petroleum Futures Contract Op en...
Suppose you sell five March 2017 silver futures contracts on February 10, 2017, at the last price of the day. Use Table 23.1 a. What will your profit or loss be if silver prices turn out to be $17.81 per ounce at expiration? (Do not round intermed iate calculations. Enter your answer as a positive value rounded to the nearest whole number, e.g., 32.) b. What will your profit or loss be if silver prices are $17.64 per ounce at...
Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.85. Assume you purchased the option at the last price if the day. Use Table 23.2 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c....
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