问题如下:
A refiner purcharsed April crude oil at $40 per barrel to produce gasoline and heating oil for sale in May. The 1-month future prices for gasoline and heating oil are $50/per barrel and 35 per barrel. The 5-3-2 crack spread is:
选项:
A.$4 per barrel.
B.$20 per barrel.
C.$140 per barrel.
D.$40 per barrel.
解释:
A is correct.
考点:crack spread
解析: 5-3-2 crack spread锁定的是购买5份crude oil生产3份gasoline、2份heating oil所产生的收益。因此5-3-2 crack spread=(3x $50)+ (2 x $35)- (5 x $40)= $20 for 5 barrels, 即$4 per barrel.
题目里面的已知条件不足