You are short 15 March 2016 corn futures contracts. Calculate your dollar profit or loss from this

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You are short 15 March 2016 corn futures contracts. Calculate your dollar profit or loss from this trading day using Figure 14.1.

Figure 14.1

Metal & Petroleum Futures Contract Open Chg Interest Settle Open High hi lo LoW Copper-High (CMX)-25,000 lbs.; $ per Ib.

Agriculture Futures Corn (CBT)-5,000 bu.; cents per bu. Dec 372.75 375.50 366.50 366.75 -6.25 550,478 386,290 March'16 3

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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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