Suppose That In September 2021 A Company Takes A Long Position In A Contract On May 2022
Suppose That In September 2021 A Company Takes A Long Position In A Contract On May 2022 Crude Oil Futures. The Company Closes Out Its Position In March 2020. The Futures Price (Per Barrel) Is $68.30 When It Enters Into The Contract And $70.50 When It Closes Out The Position. One Contract Is For The Delivery Of 1,000 Barrels. What Is The Company's Total