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Look at the futures listings for com in Figure 2.11 a. Suppose you buy one contract for September 2015 delivery at the closing price. If
Look at the futures listings for com in Figure 2.11 a. Suppose you buy one contract for September 2015 delivery at the closing price. If the contract closes in September at a price of $3.83 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.) of $ Profit b. How many September 2015 maturity contracts are outstanding? Number of outstanding contracts 20972
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