Question
Look at the futures listings for the corn contract in Table 2.8. July 2016 $3.81 September 2016 $3.83 December 2016 3.88 March 2017 3.96 May
Look at the futures listings for the corn contract in Table 2.8.
July 2016 $3.81
September 2016 $3.83
December 2016 3.88
March 2017 3.96
May 2017 4.02
July 2017 4.07
Suppose you buy one contract for Mar-17 delivery. If the contract closes in Mar-17 at a level of 4.07, what will your profit be? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
