FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Maturity September...
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FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Maturity September 19 December 19 May-20 December 20 July 21 Last 3.4500 3.5750 3.7925 39725 4.1875 Change -4.7500 -3.5000 -3.2500 -2.2500 -2.0000 High 3.5100 3.6300 3.8400 4.0025 4.2000 Low 3.4450 3 5650 3.7850 3.9700 4.1825 Source: www.omegroup.com, September 4, 2019. Look at the futures listings for com in Egute 211. Suppose you buy one contract for December 2019 delivery at the closing price. Required: if the contract closes in December at a price of $3.75 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.) Proti
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