Suppose you purchase a March 2017 soybean meal futures contract on this day at the...
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Suppose you purchase a March 2017 soybean meal futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if soybean meal prices turn out to be $331.30 per ton at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.) Suppose you purchase a March 2017 soybean meal futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if soybean meal prices turn out to be $331.30 per ton at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.)
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