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As it turns out, you were correct when you purchased 2 contracts for feeder cattle at $1.304, as the spot price on cattle rose to
As it turns out, you were correct when you purchased 2 contracts for feeder cattle at $1.304, as the spot price on cattle rose to 1.365 on the delvery date given in your contracts You were required to put down 11% How much money did you make? What was your return on invested caputal? (There are 50,000 pounds in one contract tor feeder cattle) The amount of money made, or your profit, is $ (Round to the nearest dollar)
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