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Look at the futures listings for corn in Fiqure 2.1 Suppose you buy one contract for December 2017 delivery at the closing price. If the
Look at the futures listings for corn in Fiqure 2.1 Suppose you buy one contract for December 2017 delivery at the closing price. If the contract closes in December at a price of $3.95 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.) Maturity LAST CHG HIGH LOW May 17 3.612500525 36800 3.6075 Jul'17 Sep 17 37525 005503.745036725 00475 38125 3.7475 004501038525 3.6775 3.8575 3.9575 0.0400 Dec 17 3.9150 Mar '17 40025 3.9475
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