ch 3 12QP

Use the following corn futures quotes for Problem: Corn 5,000 bushels Contract Month Open High Low Sottlo Chg Open Int Mar 455.125 457.000 -2.750 452.000 463.250 May 597.913 137.547 467.000 468.000 -2.750 451.750 463.000 472.55 471.750 477.000 July Sop 153,164 477.500 475.500 473.000 472.250 475.000 -2.000 -2.000 29.258 Using Futures Quotations Suppose you buy 15 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.125, and you close out your position. Calculate your dollar profit on this investment. Use the following corn futures quotes for Problem: Corn 5,000 bushels Contract Month Open High Low Sottlo Chg Open Int Mar 455.125 457.000 -2.750 452.000 463.250 May 597.913 137.547 467.000 468.000 -2.750 451.750 463.000 472.55 471.750 477.000 July Sop 153,164 477.500 475.500 473.000 472.250 475.000 -2.000 -2.000 29.258 Using Futures Quotations Suppose you buy 15 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.125, and you close out your position. Calculate your dollar profit on this investment