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Suppose that you have a one million dollar investment exposure. Choose a futures contract being traded in the CME. What are the specifications of the
Suppose that you have a one million dollar investment exposure. Choose a futures contract being traded in the CME. What are the specifications of the contract (example:https://www.cmegroup.com/trading/agricultural/grain-and-oilseed/corn_contract_specifications.html)? How many contracts will you be able to buy? What are the transaction costs associated with this trade? Explain your answers.
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