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9. Suppose you buy a 5,000 bushel July Soybean futures contract at $12.00/bushel. At the end of the day, your long position remains open and
9. Suppose you buy a 5,000 bushel July Soybean futures contract at $12.00/bushel. At the end of the day, your long position remains open and the Soybean futures contract has a daily settlement price equal to $11.64/bushel. The risk-free rate is 1.5 percent (1.5%). What is the daily profit or loss, per bushel, on your long Soybean futures position
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