Reference no: EM132188572
Question - You want to store oil in the Gulf Coast as your POV is that oil will be worth more next fall than it is currently in October 2016. To execute on this trade, you enter into a storage agreement with a tank farm in Houston to store 500,000 barrels of oil from October 31, 2016 thru end of October 2017 at a cost of $100,000 per month.
In October 2016, you entered into a forward physical contract to purchase 500,000 oil from ABC trading company to be delivered into storage at the end of October 2016 at a cost of $50.00 per barrel.
Since the product has not been sold yet, you enter into a November 2017 WTI futures contract to sell 500 lots of WTI futures at $52.00 per barrel.
In May 2017, you enter into a physical forward sales contract to sell 500,000 barrels of oil for $56.00 per barrel in October 2017.
Since product has now been sold you buy 500 lots of November 2017 WTI futures at $58 per barrel.
What was your profit/loss on this trade? Show your calculations.
Point estimate of the population proportion
: Calculate the point estimate of the population proportion of defective items. Round to 4 decimal places.
|
How much can edward deduct for miscellaneous
: Edward is single with income that places him in the 25 percent marginal tax bracket. How much can Edward deduct for miscellaneous itemized deductions
|
Processes of gamete formation- spermatogenesis and oogenesis
: COMPARISON BETWEEN SPERMATOGENESIS AND OOGENESIS. Q. Differentiate between the two processes of gamete formation: Spermatogenesis and Oogenesis
|
Margin of error of estimate for a confidence interval
: For a population data set, s=13.1. How large a sample should be selected so that the margin of error of estimate for a 98% confidence interval for µ is 2.50?
|
What was your profit or loss on this trade
: n May 2017, you enter into a physical forward sales contract to sell 500,000 barrels of oil, What was your profit/loss on this trade? Show your calculations
|
What is the upper confidence limit
: With a 90% confidence, for sample mean 389.00, sample standard deviation 11.00, and sample size 35, what is the upper confidence limit with 2 decimal places?
|
Operative force in the process of evolution
: Elucidate the significance of natural selection as an operative force in the process of evolution.
|
What are the appropriate null and alternative hypotheses
: What are the appropriate null and alternative hypotheses that correspond to this claim?
|
List the possible values of the random variable x
: If it is, identify a success, specify the values of N, P, and cue, and list the possible values of the random variable X.
|