Suppose Oil Futures Prices Are as Given in the Above

question 19

Multiple Choice

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)-$200,000
• B)$200,000
• C)$100,000
• D)-$100,000
• E)$0

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Mavens

Individuals recognized for their knowledge and insights in specific areas, often influencing the opinions and decisions of others.

Core Ties

The strong, essential relationships within a person's social network, often characterized by significant emotional closeness and support.

Organizational Authority

The power vested in a role or roles within an organization to make decisions, direct tasks, and enforce rules.

Legitimate

Something that is legal, rightful, and in accordance with recognized or accepted standards or principles.