Refer to Table 25.2 in the text to answer this question. Suppose you purchase a March 2021

Question:

Refer to Table 25.2 in the text to answer this question. Suppose you purchase a March 2021 cocoa futures contract on December 4, 2020, at the last price of the day. What will your profit or loss be if cocoa prices turn out to be $3,014 per metric ton at expiration? Futures Contracts Copper-High (CMX)-25,000 lbs:$perlb 3.4800 3.5055 Dec 3.4580 March 21 3.4935 3.5230 A Agriculture Futures bu, conts per bu 423.25 427.50 Corn (CBT)-5,000 Dec 419.25 March 21 424.00 Oats Contract Open High hilo Coffee (CE-US)-37.500 lbs.cents per b 117.65 Dec 117.65 117.65 117.45 March 21 119.65 Currency Futures Japanese Yen (CME)-X12.500,000 $ per 100% Dec 9647 .9567 9620 .9578 9589 March 21 .9661 9582