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Ethanol futures contracts are based on 29,000 gallons and are priced in dollars per gallon. Assume the end-of-day prices on a contract are: Open 2.220,
Ethanol futures contracts are based on 29,000 gallons and are priced in dollars per gallon. Assume the end-of-day prices on a contract are: Open 2.220, High 2.231, Low 2.181, and Settle 2.186. What is the maximum profit that an investor could have earned by buying and selling one of these contracts on this day? |
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