Check my work Look at the futures listings for corn in Figure 2.11. Suppose you...
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Check my work Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for September 2017 delivery at the closing price. If the contract closes in September at a price of $3.85 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) Profit CHG HIGH LOW FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, April 18, 2017 Source: www.cmegroup.com, April 18, 2017 Maturity May '17 Jul '17 Sep '17 Dec '17 Mar '17 LAST 3.6125 3.6775 3.7525 3.8575 3.9575 -0.0525 -0.0550 -0.0475 -0.0450 -0.0400 3.6800 3.7450 3.8125 3.9150 4.0025 3.6075 3.6725 3.7475 3.8525 3.9475
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