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Need help on this last one!! Refer to the following Patures Quotes for the Com Futures Market Cara Alarket: November 3, 2021 Price Unit Cents
Need help on this last one!!
Refer to the following Patures Quotes for the Com Futures Market Cara Alarket: November 3, 2021 Price Unit Cents and quarter.cents/bu Contract Scre 5.000 bushels MONTH LAST OPEN HIGH LOW Dec 21 5590 5636 5696 Mar 22 5674 5720 5775 5652 May-22 5724 5764 5822 5700 Jul-22 5720 5770 5830 5704 3. Assume you are a speculator in the com market. On November 3, you bought fire MAR 22 con contracts at the high price traded that day. Later in the day, you sold five MAR21.com contracts at the low price of the day. Assume there was a $20 broker fee to execute the round- hum. What was your total profit or loss on your trade? Show your calculations below and state whether it was a profit or loss. (6 pts.) 4. Now sume that you bought five MAR22 com contracts at the open price for the day. Later in the day you sold five MAR22 com contracts at the high to close your position. Assume there was $20 broker fee to execute the round-turn. What was your total profit or loss on your trade? Show your calculations below and state whether it was a profit or loss for Step by Step Solution
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