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1.5 pts Question 54 Today, spe or Melissa sells two (2) July-16 soybean futures contract at 9714. One month passes, and she decides to even
1.5 pts Question 54 Today, spe or Melissa sells two (2) July-16 soybean futures contract at 9714. One month passes, and she decides to even up her position. When she evens up her position, July-16 futures are at 967'6. Each soybe in futures contract is worth 5,000 bu. What is her profit or loss on a per contract basis (cents/bu.)? What is her total dollar profit or loss? Note - the answers are given here: Profit on a per contract basis = 0.0375; Total profit on a dollar basis = $375 Given the answers above, show how you arrive at these answers in other words, set up the problem and do the work such that you arrive at these answers
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