2012 Schweser Vol 1. Exams - Exam 1 AM question 7 B

Can someone please point out where in the CFAi curiculum “crack spread” is referenced? Thank you.

“Calcualte the value of a 5-3-2 crack spread”

commodity futures, SS 13.

Unreal…thanks. Got very rattled on that one.


the answer to that question was per gallon.

if my answer is per barrel, does it matter?

yea got that one wrong too. Pretty simple but just couldnt remember how to do it lol

i did the same thing. i gave myself credit, but IDK at the end of the day.

1 gallon is a fixed # of barrels.

so per gallon, per barrel is going to be the same … .