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Look at the futures listings for the corn contract in Table 27 Suppose you buy one contract for December 2019 delivery. If the contract closes
Look at the futures listings for the corn contract in Table 27 Suppose you buy one contract for December 2019 delivery. If the contract closes in December at a level of 4.12. what will your profit be? (Round your answer to 2 decimal places.) Profit Table 2.7 Maturity Last Change High Low Corn futures prices on the Chicago Mercantile Exchange, January 3, 2019 Mar-19 May-19 Jul-19 Sep-19 Dec-19 Mar-20 3.8025 3.8800 3.9500 3.9700 4.0075 4.0975 0.7500 3.8075 0.5000 3.8800 0.2500 3.9525 0.0000 3.9700 -0.5000 4.0100 0.0000 4.1000 3.7975 3.8750 3.9450 3.9650 4.0025 4.0950 Source: www.cmegroup.com
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