Question
John opens a long position in one September corn futures contract at $ 3.46 per bushel. He leaves his position open through the end of
John opens a long position in one September corn futures contract at $ 3.46 per bushel. He leaves his position open through the end of the day. The settlement price is $ 3.51 per bushel.
What is his gain or loss for the day on his position? The size of the corn futures contract is 5,000 bu.
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Risk Management and Financial Institutions
Authors: Hull John
4th edition
1118955943, 978-1118955949
