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Figure 2.11 27-September-2019 130 8.65 1.03 27-September-2019 135 4.82 2.17 27-September-2019 140 1.99 4.35 15-November-2019 130 11.50 3.55 15-November-2019 135 8.12 5.15 15-November-2019 140 5.32

Figure 2.11

27-September-2019

130 8.65 1.03
27-September-2019 135 4.82 2.17
27-September-2019 140 1.99 4.35
15-November-2019 130 11.50 3.55
15-November-2019 135 8.12 5.15
15-November-2019 140 5.32 7.40

image text in transcribed

Look at the futures listings for corn in Suppose you buy one contract for September 2019 delivery at the closing price. Required: If the contract closes in September at a price of $3.68 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) Look at the futures listings for corn in Suppose you buy one contract for September 2019 delivery at the closing price. Required: If the contract closes in September at a price of $3.68 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.)

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