Question
Look at the futures listings for the corn contract in Figure 2.11. a. Suppose you buy one contract for July delivery. If the contract closes
| Look at the futures listings for the corn contract in Figure 2.11. |
| a. | Suppose you buy one contract for July delivery. If the contract closes in July at a level of 777.45, what will your profit be? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Profit | $ | |
| b. | How many July maturity contracts are outstanding? |
| Outstanding contracts | ||
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Global Finance
Authors: Robert Holton
1st Edition
0415619165, 978-0415619165
