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Look at the futures listings for corn in Figure 2.10.    a. Suppose you buy one contract for...

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Finance

Look at the futures listings for corn in Figure 2.10.

  

a.

Suppose you buy one contract for July 2012 delivery. If thecontract closes in July at a price of $6.66 per bushel, what willbe your profit or loss? (Each contract calls for delivery of 5,000bushels.)

  

  (Click to select)LossProfit$   

  

b.

How many July 2012 maturity contracts are outstanding?

  

  Number of outstanding contracts  

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Transcribed Image Text

Look at the futures listings for corn in Figure 2.10.  a.Suppose you buy one contract for July 2012 delivery. If thecontract closes in July at a price of $6.66 per bushel, what willbe your profit or loss? (Each contract calls for delivery of 5,000bushels.)    (Click to select)LossProfit$     b.How many July 2012 maturity contracts are outstanding?    Number of outstanding contracts  

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