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Figure 2.10 . Suppose you buy one contract for December 2011 delivery. If the contract closes in December at a price of $6.43 per bushel,

Figure 2.10

.
Suppose you buy one contract for December 2011 delivery. If the contract closes in December at a price of $6.43 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.)

(Click to select)ProfitLoss $

b.
How many December 2011 maturity contracts are outstanding?

Number of outstanding contracts

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