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FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Source: wwwiemegroup com, September 4,2019 Look at the futures listings for com
FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Source: wwwiemegroup com, September 4,2019 Look at the futures listings for com in Suppose you buy one contract for December 2019 delivery at the ciosing price. Required: If the contract closes in December at a price of $3.74 per bushel, what will be your profit or loss? (Each contract calls for dellvery of 5.000 bushels) (Round your answer to 2 decimal places.)
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