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Futures contracts on corn are based on 5,000 bushels and priced per bushel. Assume today's open price on one August contract was 458.00 cents per

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Futures contracts on corn are based on 5,000 bushels and priced per bushel. Assume today's open price on one August contract was 458.00 cents per bushel and the settle price was 468.00. You own five August contracts which you purchased at a quote of 495.00 What is your total profit or lossto date in dollars? You must use a negative number to indicate a loss amount

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