[Instant Help From 10$/Pg] Short Crude Oil Futures

[Instant Help From 10$/Pg] Short Crude Oil Futures


Use your textbook to answer the following questions from Chapter 

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Exercise 17, 19, 23, and 27. 

  1. Please, upload xls, xlsx file.
  2. Please, use the full computing power of Excel.


17.  An investor enters into a long position in 10 silver futures contracts at a futures price of

$4.52/oz and closes out the position at a price of $4.46/oz. If one silver futures contract

is for 5,000 ounces, what are the investor’s gains or losses?

19.  An investor enters into a short futures position in 10 contracts in gold at a futures price

of $276.50 per oz. The size of one futures contract is 100 oz. The initial margin per

contract is $1,500, and the maintenance margin is $1,100.

23.  You enter into a short crude oil futures contract at $43 per barrel. The initial margin is

$3,375 and the maintenance margin is $2,500. One contract is for 1,000 barrels of oil.

By how much do oil prices have to change before you receive a margin call?

27.  An oil refining company enters into 1,000 long one-month crude oil futures contracts on

NYMEX at a futures price of $43 per barrel. At maturity of the contract, the company

rolls half of its position forward into new one-month futures and closes the remaining

half. At this point, the spot price of oil is $44 per barrel, and the new one-month futures

price is $43.50 per barrel. At maturity of this second contract, the company closes out

its remaining position. Assume the spot price at this point is $46 per barrel. Ignoring

interest, what are the company’s gains or losses from its futures positions?


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