Use the Table for the Question(s)below

question 46

Multiple Choice

Use the table for the question(s) below.

-Suppose oil futures prices are as given in the above table (price per barrel) .Suppose you buy 100 crude oil futures contracts,each for 1000 barrels of crude oil,at the current futures price of $108 per barrel on day 0.What is your cumulative profit/loss in your margin account by the end of day 5?

• A)-$300,000
• B)$300,000
• C)$400,000
• D)-$400,000
• E)$0

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