Question
Maturity Last Change High Low September-19 3.4500 4.7500 3.5100 3.4450 December-19 3.5750 3.5000 3.6300 3.5650 May-20 3.7925 3.2500 3.8400 3.7850 December-20 3.9725 2.2500 4.0025 3.9700
| Maturity | Last | Change | High | Low |
|---|---|---|---|---|
| September-19 | 3.4500 | 4.7500 | 3.5100 | 3.4450 |
| December-19 | 3.5750 | 3.5000 | 3.6300 | 3.5650 |
| May-20 | 3.7925 | 3.2500 | 3.8400 | 3.7850 |
| December-20 | 3.9725 | 2.2500 | 4.0025 | 3.9700 |
| July-21 | 4.1875 | 2.0000 | 4.2000 | 4.1825 |
Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for September 2019 delivery at the closing price.
Required:
If the contract closes in September at a price of $3.68 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.)
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Divine Dollars And Digital Gold
Authors: Finally Detached
1st Edition
979-8859504534
