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A client buys one contract of CBOT corn (5,000 bu) at $3.25 per bu. He then sells his futures contract at $3.41 per bu. His
A client buys one contract of CBOT corn (5,000 bu) at $3.25 per bu. He then sells his futures contract at $3.41 per bu. His margin is $.20 per bu, and the commission is $30 per contract. What is the percentage of the profit on the investment?
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Initial Investment Price per bushel Number of bushels 325bu 5000 bu 16250 The total profit ...
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
