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Author Question: Billy Ray Valentine forecasted a hot summer and great wheat harvests, which he believed would cause ... (Read 52 times)

theo

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on: Apr 25, 2021

Question 1

A trader who has a ________ position in gold futures wants the price of gold to ________ in the future.
◦ long; decrease
◦ long; increase
◦ short; increase
◦ short; stay the same

Question 2

Billy Ray Valentine forecasted a hot summer and great wheat harvests, which he believed would cause wheat prices to fall. To profit from his expectations he sold 1 July wheat futures contract for 5,000 bushels at $1.50 per bushel. On March 1, the spot price fell to $1 and the futures price fell to $1.05. Billy decided to execute an offset trade. What was Billy's cumulative profit?
◦ -$5,250
◦ $2,000
◦ $2,250
◦ $7,500
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by theo on Apr 25, 2021

quynhmickitran

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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theo

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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