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| Chapter 22 - Hedges, Speculation, and Arbitrage |
| 337 |
At the bottom of Table 22-1 the net position is $210,000. not $410,000.
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| 343 |
At the bottom of Table 22-5 we have a profit of $50 not a loss of ($50)
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| 344 |
At the bottom of Table 22-7 we have a loss of $2,475. not a profit of $2,475
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| 347 |
The arbitrage equation should read
-100 P + $1,800
+ $60,200
+ $3,010
= 0 (breakeven)
100 P = $65,010
P = $650.10
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| 351 |
Your broker will lend you copper for $300 per 10,000 pounds per month. (not $10,000)
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