Question
Assume you have just purchased a corn futures contract - 5,000 bushels at $3.24 per bushel. What will your percentage profit on the cash investment
Assume you have just purchased a corn futures contract - 5,000 bushels at $3.24 per bushel. What will your percentage profit on the cash investment be if the price of corn rises $0.10 per bushel in 4 months? Your initial margin requirement was $1,500.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
