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12. (4 pts.) The following table shows the corn futures prices in The Wall Street Journal Online, on September 17, 2014 OPEN MONTH LAST
12. (4 pts.) The following table shows the corn futures prices in The Wall Street Journal Online, on September 17, 2014 OPEN MONTH LAST CHG OPEN HIGH LOW VOLUME INT Dec '14 341'6 -2'0 343'2 344'2 339'2 74580 796121 Mar '15 354'0 -1'4 355'4 356'0 351'0 19416 201794 May '15 362'4 -1'6 364'0 364'2 359'4 6153 51800 Jul '15 369'6 -1'4 371'2 371'2 366'6 5171 76051 Sep '15 377'2 -2'0 378'0 378'0 375'0 1791 20972 Dec '15 388'2 -1'6 389'4 390'0 385'4 3876 99741 a. Suppose you buy one contract for July 2015 delivery. If the contract closes in July at a price of $3.83 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) b.How many July 2015 maturity contracts are outstanding?
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
